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14 Best NASDAQ Dividend Stocks To Buy

In this article, we discuss 14 best NASDAQ dividend stocks to buy. You can skip our detailed analysis of dividend stocks and their returns over the years, and go directly to read 5 Best NASDAQ Dividend Stocks To Buy

NASDAQ is commonly associated with technology and growth-oriented companies that usually don’t pay dividends but there are many dividend-paying stocks listed on the exchange as well. Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), and Apple Inc. (NASDAQ:AAPL) are some of the best dividend stocks listed on the index.

The average dividend yield for stocks in the NASDAQ 100 is currently 1.03%, which is lower than the average dividend yield of 1.6% for companies in the S&P 500. One of the main reasons for NASDAQ’s low dividend yield is that the index primarily consists of companies in the technology and growth sectors, which tend to reinvest their earnings back into the business for research and development, expansion, or acquisitions. These companies often prioritize growth and innovation over distributing dividends to shareholders. As a result, they may have lower dividend payout ratios, resulting in a lower dividend yield for the index as a whole. On the other hand, Dow Jones Industrial Average includes companies from various sectors, including more traditional sectors such as industrials, consumer goods, and utilities that tend to have higher dividend-paying stocks.

Also read: 12 Best NASDAQ Penny Stocks to Buy

Since the start of 2023, there has been a resurgence of interest in growth tech stocks within the market. These stocks, which had faced significant challenges in the previous year, are now experiencing renewed attention and investor enthusiasm. NASDAQ is up 31.69% year-to-date, which represents its biggest increase during the first half of the year since 1983 when it rose by 37%. Moreover, the total value of companies in the Nasdaq 100 has surged by almost $5 trillion so far this year, as we reported in our article 12 Best NASDAQ Penny Stocks to Buy. According to a report by Fortune, the Nasdaq had its best performance since the dotcom bubble peak in late 1999, for either the first or second half of any year. The increased investor interest indicates that technology stocks are expected to continue experiencing growth in the second half of the year.

Tony DeSpirito, BlackRock’s CIO for fundamental equities, spoke with Fortune and expressed that the current enthusiasm surrounding AI is more authentic, which has mainly contributed to the growth of the tech sector this year. Here are some comments from the analyst:

“The demand is really real. You can contrast what is going on in AI versus [enthusiasm for] the metaverse or virtual reality a year or two ago. The orders are really there. The earnings growth is coming.”

Dividend-paying stocks, including those on Nasdaq, are often associated with more established companies that have a track record of generating stable earnings and cash flows. This stability can make dividend stocks less volatile than growth stocks, which may attract investors seeking more predictable returns. In this article, we have compiled a list of some of the best dividend stocks listed on NASDAQ.

Our Methodology:

For this list, we scanned Insider Monkey’s database of 943 hedge funds as of the first quarter of 2023 and selected companies that are trading on the NASDAQ exchange and also pay dividends to shareholders. From that list, we picked 14 stocks with the highest number of hedge fund investors and ranked in ascending order of hedge funds’ sentiment toward them.

14. Gilead Sciences, Inc. (NASDAQ:GILD)

Number of Hedge Fund Holders: 60

Gilead Sciences, Inc. (NASDAQ:GILD) is a California-based biopharmaceutical company that specializes in the research and development of antiviral drugs. The company has been growing its dividends for eight years running and currently pays a quarterly dividend of $0.75 per share. With a dividend yield of 3.88% as f July 6, GILD is one of the best dividend stocks on our list.

Other best NASDAQ dividend stocks include Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), and Apple Inc. (NASDAQ:AAPL).

In the first quarter of 2023, Gilead Sciences, Inc. (NASDAQ:GILD) reported revenue of $6.35 billion, which beat analysts’ estimates by $20 million. The company’s cash position remained stable as it generated $1.7 billion in operating cash flow during the quarter. It also returned $969 million to shareholders in dividends.

At the end of Q1 2023, 60 hedge funds in Insider Monkey’s database reported having stakes in Gilead Sciences, Inc. (NASDAQ:GILD), with a total value of roughly $4 billion. With over 5.2 million shares, Two Sigma Advisors was the company’s leading stakeholder in Q1.

13. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 61

Cisco Systems, Inc. (NASDAQ:CSCO) is an American multinational technology company that designs, manufactures, and sells networking equipment, software, and related services. The company is also known for its cloud and security solutions.

In fiscal Q3 2023, Cisco Systems, Inc. (NASDAQ:CSCO) generated $14.57 billion in revenues, which showed a 13.5% growth from the same period last year. The company’s operating cash flow also showed a 43% year-over-year growth at $5.2 billion. During the quarter, it returned $1.6 billion to shareholders in dividends, which makes it one of the best dividend stocks on our list.

Cisco Systems, Inc. (NASDAQ:CSCO) currently offers a quarterly dividend of $0.39 per share and has a dividend yield of 3.03%, as of July 6. The company holds a 12-year streak of consistent dividend growth.

Of the 943 hedge funds tracked by Insider Monkey at the end of Q1 2023, 61 funds owned stakes in Cisco Systems, Inc. (NASDAQ:CSCO), worth collectively $2.5 billion.

12. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 61

CSX Corporation (NASDAQ:CSX) is a Florida-based transportation company that is primarily engaged in rail freight transportation. It is one of the best dividend stocks on our list as it has been growing its dividends consistently for the past 18 years. The company pays a quarterly dividend of $0.11 per share and has a dividend yield of 1.31%, as of July 6.

CSX Corporation (NASDAQ:CSX) reported strong earnings in the first quarter of 2023, driven by volume growth in merchandise and coal. The company’s revenue for the quarter came in at $3.71 billion, which showed an 8.8% growth from the same period last year. Its operating cash flow amounted to over $1.25 billion and its free cash flow was $816 million.

As of the close of Q1 2023, 61 hedge funds in Insider Monkey’s database reported having stakes in CSX Corporation (NASDAQ:CSX), compared with 66 in the previous quarter. These stakes have a collective value of over $4 billion. Soroban Capital Partners was the company’s leading stakeholder with a $1.5 billion worth of stake.

11. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 63

Costco Wholesale Corporation (NASDAQ:COST) is a multinational retail corporation that operates a chain of membership-based warehouse clubs. In fiscal Q3 2023, the company reported revenue of $53.6 billion, which was up 2% from the prior-year period. At the end of May 31, it had $12.5 billion available in cash and cash equivalents, compared with $10.2 billion from the same period last year.

Costco Wholesale Corporation (NASDAQ:COST), one of the best dividend stocks, offers a quarterly dividend of $1.02 per share. The company has raised its dividends for 19 years straight. The stock’s dividend yield on July 6 came in at 0.76%.

According to Insider Monkey’s database of Q1 2023, 63 hedge funds owned stakes in Costco Wholesale Corporation (NASDAQ:COST), with a total value of over $1.8 billion.

10. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 68

Comcast Corporation (NASDAQ:CMCSA) is next on our list of the best dividend stocks. On May 17, the company declared a quarterly dividend of $0.29 per share, which was in line with its previous dividend. The company maintains a 15-year streak of consistent dividend growth. As of July 6, the stock has a dividend yield of 2.83%.

Comcast Corporation (NASDAQ:CMCSA) is a multinational telecommunications and media conglomerate that operates in various sectors of the industry. The company’s primary focus is on cable communications, where it is one of the largest providers of cable television and high-speed internet services in the US.

In the first quarter of 2023, Comcast Corporation (NASDAQ:CMCSA) posted an EPS of $0.92 and revenue of $30 billion, which beat Street’s estimates by $0.10 and $350 million, respectively. The company also generated sufficient cash to fulfill its shareholder obligation. Its operating cash flow for the quarter came in at $7.22 billion and its free cash flow amounted to $3.8 billion.

At the end of the March quarter, 68 hedge funds owned stakes in Comcast Corporation (NASDAQ:CMCSA), compared with 72 in the previous quarter. These stakes are collectively worth $3.75 billion.

9. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 69

QUALCOMM Incorporated (NASDAQ:QCOM) is an American tech company that mainly specializes in the manufacturing of semiconductors, software, and services related to wireless technology. The company has raised its payouts for 20 years in a row, which makes it one of the best dividend stocks. It currently pays a quarterly dividend of $0.80 per share and has a dividend yield of 2.79%, as of July 6.

As of the close of Q1 2023, 69 hedge funds tracked by Insider Monkey held stakes in QUALCOMM Incorporated (NASDAQ:QCOM), with a collective value of over $1.744 billion. Among these hedge funds, Citadel Investment Group was the company’s leading stakeholder in Q1.

8. Starbucks Corporation (NASDAQ:SBUX)

Number of Hedge Fund Holders: 69

Starbucks Corporation (NASDAQ:SBUX) is a renowned multinational coffee company and retailer. The company operates a vast global network of coffeehouses that serve a wide range of coffee and tea-based beverages, along with an assortment of complementary food items.

On June 21, Starbucks Corporation (NASDAQ:SBUX) declared a quarterly dividend of $0.53 per share, consistent with its previous dividend. The company’s dividend growth streak stands at 12 years, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on July 6 came in at 2.20%.

In fiscal Q2 2023, Starbucks Corporation (NASDAQ:SBUX) reported revenue of $8.7 billion, up 14.5% from the same period last year. The company generated $2.3 billion in operating cash flow, up from $2 billion in the prior-year period.

The number of hedge funds tracked by Insider Monkey owning stakes in Starbucks Corporation (NASDAQ:SBUX) grew to 69 in Q1 2023, from 61 in the previous quarter. The collective value of stakes owned by these funds is over $2.05 billion. Ken Griffin and Ray Dalio were the company’s most prominent stakeholders in Q1.

7. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 72

Broadcom Inc. (NASDAQ:AVGO) is an American multinational company that specializes in the manufacturing of semiconductors and other software products. The company reported revenue of $8.73 billion in the second quarter of 2023, which showed a 7.8% growth from the same period last year. Its free cash flow for the quarter came in at $4.4 billion.

Broadcom Inc. (NASDAQ:AVGO), one of the best dividend stocks, currently pays a quarterly dividend of $4.60 per share. The company has been rewarding shareholders with growing dividends for the past 12 years. As of July 6, the stock has a dividend yield of 2.17%.

At the end of Q1 2023, 72 hedge funds tracked by Insider Monkey reported having stakes in Broadcom Inc. (NASDAQ:AVGO), the same as in the previous quarter. These stakes are collectively valued at over $3.5 billion.

6. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 73

Analog Devices, Inc. (NASDAQ:ADI) is one of the best dividend stocks trading on NASDAQ along with Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), and Apple Inc. (NASDAQ:AAPL). The semiconductor company has raised its dividends 20 times in the last 19 years. It currently offers a quarterly dividend of $0.86 per share and has a dividend yield of 1.84%, as of July 6.

As of the close of Q1 2023, 73 hedge funds in Insider Monkey’s database reported having stakes in Analog Devices, Inc. (NASDAQ:ADI), compared with 75 in the previous quarter. Their collective stake value is over $4.8 billion.

First Pacific Advisors mentioned Analog Devices, Inc. (NASDAQ:ADI) in its Q1 2023 investor letter. Here is what the firm has to say:

“Analog Devices, Inc. (NASDAQ:ADI) stock price declined in the first half of 2022, along with its semiconductor peers. That sector has since rebounded, lifting ADI with it. We believe ADI is a well-run company and a secular grower, which should augur well for its future. However, given that it operates in a cyclical industry, we will not be surprised when its shares periodically trade down.”

Click to continue reading and see 5 Best NASDAQ Dividend Stocks To Buy

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Disclosure. None. 14 Best NASDAQ Dividend Stocks To Buy is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

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Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

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