5 Best GARP Stocks That Pay Dividends

4. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 69
P/E Ratio as of June 14: 13.16
Estimated EPS Growth for FY23: 8.31%

QUALCOMM Incorporated (NASDAQ:QCOM) is an American tech company that manufactures semiconductors and software and also provides wireless-related services. On April 12, the company declared a quarterly dividend of $0.80 per share, which was in line with its previous dividend. It has raised its dividends for 20 years in a row. The stock’s dividend yield on June 14 came in at 2.58%.

QUALCOMM Incorporated (NASDAQ:QCOM) reported an annual EPS growth of 47.4% over the past five years. In view of this and its current performance, analysts expect the company to show an 8.31% EPS growth in fiscal year 2023. With a P/E ratio of 13.16, QCOM is one of the best GARP stocks on our list.

As per Insider Monkey’s database for Q1 2023, 69 hedge funds tracked by Insider Monkey held stakes in QUALCOMM Incorporated (NASDAQ:QCOM), worth collectively over $1.74 billion.