Dividend Stock Portfolio For Income: 12 Stocks to Buy Now

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4. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 76

QUALCOMM Incorporated (NASDAQ:QCOM), headquartered in California, is a global leader in semiconductors, software, and services tied to wireless communications. The company has become increasingly attractive to dividend-focused investors, thanks to its ability to balance innovation with consistent income generation.

Once a dominant name in the chip industry throughout the 2000s and 2010s, QUALCOMM Incorporated (NASDAQ:QCOM) gained prominence by fueling the smartphone revolution. While the smartphone sector has since matured and slowed in growth, the rollout of 5G networks gave the company a renewed boost.

In recent years, QUALCOMM Incorporated (NASDAQ:QCOM) has broadened its scope beyond mobile phones. Its portfolio now includes components for network infrastructure, industrial equipment, smart home devices, virtual reality systems, and a rapidly expanding automotive technology division, adding further strength to its long-term growth prospects.

Moreover, the diverse revenue streams have also supported QUALCOMM Incorporated (NASDAQ:QCOM)’s dividends over the years. The company’s dividend growth streak spans 21 years, which makes it one of the best stocks for a dividend stock portfolio. Currently, it offers a quarterly dividend of $0.89 per share and has a dividend yield of 2.14%, as of September 18.

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