20 Best Dividend Growth Stocks with High Yields

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13. Skyworks Solutions, Inc. (NASDAQ:SWKS)

Dividend Yield as of May 13: 4.10%

Skyworks Solutions, Inc. (NASDAQ:SWKS) is an American semiconductor company, headquartered in California. The company develops wireless chips used across various sectors, including mobile devices, automotive systems, home automation, wireless infrastructure, and industrial applications. As an integrated device manufacturer (IDM), the company handles both the design and production of its chips in-house, rather than relying on external foundries.

In the first quarter of 2025, Skyworks Solutions, Inc. (NASDAQ:SWKS) reported revenue of $953.2 million, down 8.87% on a YoY basis. The revenue surpassed analysts’ estimates by $1.7 million. The company’s EPS came in at $1.24, beating consensus by $0.04. The company achieved key 5G design wins in high-end Android smartphones, securing placements in flagship models from brands such as Samsung Galaxy, Google Pixel, and Oppo. In addition, it strengthened its position in the Wi-Fi 7 market by gaining more design wins across a range of products, including enterprise access points, consumer routers, and home mesh networking systems.

Skyworks Solutions, Inc. (NASDAQ:SWKS)’s cash position also came in strong. The company posted an operating cash flow and a free cash flow of $410 million and $371 million, respectively. Moreover, it ended the quarter with over $1.5 billion available in cash and cash equivalents. Its quarterly dividend comes in at $0.70 per share and has a dividend yield of 4.10%, as of May 13. The company holds a 10-year track record of consistent dividend growth, which makes SWKS one of the best dividend stocks on our list.

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