5 Companies Likely to be Dividend Aristocrats in the Future

4. QUALCOMM Incorporated (NASDAQ:QCOM)

Consecutive Years of Dividend Growth: 20

QUALCOMM Incorporated (NASDAQ:QCOM) is another future’s best dividend aristocrat stock. The American tech company has been raising its dividends for 20 years running and currently pays a quarterly dividend of $0.80 per share. The stock’s dividend yield on June 21 came in at 2.73%.

In June, BofA raised its price target on QUALCOMM Incorporated (NASDAQ:QCOM) to $145 and maintained an Outperform rating on the shares, appreciating the company’s overall performance.

According to 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.

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