5 Best NASDAQ Dividend Stocks To Buy

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

5. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 84

Applied Materials, Inc. (NASDAQ:AMAT) is an American manufacturing company that specializes in semiconductor chips. On June 8, the company declared a quarterly dividend of $0.32 per share, which was in line with its previous dividend. The company maintains a six-year streak of consistent dividend growth, which makes it one of the best dividend stocks. The stock’s dividend yield on July 6 came in at 0.91%.

Applied Materials, Inc. (NASDAQ:AMAT) reported revenue of $6.6 billion in the first quarter of 2023, which showed a 6.1% growth from the same period last year. The company’s operating cash flow for the quarter stood at $2.3 billion and returned $1.02 billion in dividends and share repurchases.

Applied Materials, Inc. (NASDAQ:AMAT) was a popular stock among hedge funds in Q1 2023, as 84 funds in Insider Monkey’s database owned stakes in the company, compared with 70 a quarter earlier. Their collective stake value is $4.4 billion.