5 Dividend Stocks That Billionaire George Soros Owns

4. QUALCOMM Incorporated (NASDAQ:QCOM)

Soros Fund Management’s Stake Value: $7,624,339
Dividend Yield as of February 21: 2.40%

QUALCOMM Incorporated (NASDAQ:QCOM) is a California-based multinational semiconductor company. In the fourth quarter of 2022, Soros Fund Management owned over $7.6 million worth of stakes in the company, which made up 0.1% of billionaire George Soros’ portfolio.

On January 18, QUALCOMM Incorporated (NASDAQ:QCOM) declared a quarterly dividend of $0.75 per share, consistent with its previous dividend. The company is one of the best dividend stocks on our list as it has been raising its dividends consistently since 2003. The stock has a dividend yield of 2.40%, as of February 21.

As of the close of Q4 2022, 82 hedge funds in Insider Monkey’s database reported owning stakes in QUALCOMM Incorporated (NASDAQ:QCOM), up from 80 in the previous quarter. These stakes have a collective value of nearly $2.4 billion.

Madison Investment Management mentioned QUALCOMM Incorporated (NASDAQ:QCOM) in its Q4 2022 investor letter. Here is what the firm has to say:

“QUALCOMM Incorporated (NASDAQ:QCOM) continues to be challenged by headwinds in the smartphone supply chain with an expected decline in units for 2022. Despite solid gains in the Internet of Things and Auto segments, Qualcomm’s dominant business remains the smartphone market. We expect to see stabilization of the smartphone market in 2023, including a recovery in China.”