In this article, we will take a look at the 13 NASDAQ Stocks with Highest Dividends.
In recent years, technology markets have drawn more attention from investors around the world, especially those linked to the NASDAQ Composite Index. Prices in this space have moved up steadily, reflecting stronger demand and a growing level of confidence in tech-driven businesses.
That trend became much clearer during the COVID-19 pandemic. Markets moved quickly, and prices climbed at a pace that stood out. The NASDAQ Composite rose from below 7,000 points soon after the World Health Organization declared a global pandemic in March 2020 to more than 16,000 points by late 2021. Companies, governments, and consumers relied more on digital tools, and technology firms became part of everyday operations. That shift improved earnings expectations and helped explain much of the price growth during that period.
Because the index leans heavily toward tech, it has also reflected recent shifts in sentiment. Morningstar noted that artificial intelligence stocks have had a mixed run over the past year. After strong gains in 2025, sentiment shifted in 2026 toward an “anything-but-AI” approach. That change led to a selloff across many AI names, leaving some well-funded companies trading at more reasonable valuations.
Dan Romanoff said generative AI is still the main theme in the sector. Software companies are adding more advanced AI features to their products. Cloud providers are expanding both capacity and services to keep up. At the same time, chipmakers such as Nvidia continue to see strong demand tied to AI and data center needs.
The report also pointed out that, even with its focus on growth, many NASDAQ-listed companies still offer consistent dividend payouts to shareholders.
Given this, we will take a look at some of the best NASDAQ stocks with the highest dividends.
Photo by nathan dumlao on Unsplash
Our Methodology:
For this list, we screened for companies that are traded on the NASDAQ composite. From that list, we identified dividend stocks and picked those with the highest dividends, as of April 12. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
13. Cintas Corporation (NASDAQ:CTAS)
Dividend Yield as of April 12: 1.03%
On March 31, Citi analyst Leo Carrington lowered the firm’s price recommendation on Cintas Corporation (NASDAQ:CTAS) to $160 from $181. It reiterated a Sell rating on the shares. He pointed to continued growth supported by new business wins and cross-selling. At the same time, he noted that the company remains exposed to economic cycles, especially with a weaker US employment backdrop. That dynamic, in his view, keeps the risk-reward profile skewed to the downside. He added that valuation continues to be the main constraint, even when factoring in the potential upside from Unifirst accretion.
On March 26, UBS also adjusted its outlook on Cintas, lowering the price target to $228 from $235 while maintaining a Buy rating. The firm noted that the company delivered 8.2% organic growth, even with limited payroll expansion. Earnings per share met expectations but did not exceed them, which the analyst attributed in part to the timing of SG&A expenses. UBS highlighted raised full-year guidance and improved EBIT margins. It also pointed to a lower valuation multiple, suggesting the stock may offer a more attractive entry point when viewed against the long-term value tied to the pending UniFirst deal.
Cintas Corporation (NASDAQ:CTAS) develops and provides uniform programs using fabric. It serves businesses of various sizes, mainly across the United States, along with Canada and Latin America. The company operates through two segments: Uniform Rental and Facility Services, and First Aid and Safety Services.
12. PACCAR Inc (NASDAQ:PCAR)
Dividend Yield as of April 12: 1.04%
On March 31, BNP Paribas initiated coverage of PACCAR Inc (NASDAQ:PCAR) with a Neutral rating. It also set a $126 price target on the stock. The firm said order momentum is building for European trucks.
During the Q4 2025 earnings call, CEO Preston Feight pointed to strong financial results, stating that PACCAR generated $6.8 billion in revenue and $557 million in net income for the quarter. He added that full-year performance reached $28.4 billion in revenue and $2.64 billion in adjusted net income, describing it as the company’s fourth most profitable year on record and extending its streak to 87 consecutive years of profitability.
He also noted that both PACCAR Parts and PACCAR Financial Services delivered record results for both the quarter and the full year. Looking ahead, Feight indicated that the 2026 Class 8 truck market in the U.S. and Canada is expected to fall between 230,000 and 270,000 units. He said improving economic conditions, a clearer regulatory and tariff environment, and better freight trends are likely to support demand. He also highlighted continued momentum for DAF Trucks, pointing to expansion efforts and industry recognition across Europe and South America.
PACCAR Inc (NASDAQ:PCAR) is a multinational company across three main industry segments. Its Truck segment focuses on the design, manufacture, and distribution of light-, medium-, and heavy-duty commercial trucks.
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