Dividend Stock Portfolio For Retirement: 10 Stocks to Buy

2. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 76

QUALCOMM Incorporated (NASDAQ:QCOM) develops products that power wireless connectivity, computing, and edge artificial intelligence (AI). Its technologies are widely used in cellular and networking infrastructure, automobiles, smartphones, smart audio devices, and other connected applications.

QUALCOMM Incorporated (NASDAQ:QCOM) currently trades at a forward P/E ratio of 13.79, which is relatively inexpensive compared to the technology sector average of 29.8. This discount reflects the company’s heavy dependence on the smartphone market, which is no longer expanding at the pace it once did. Adding to the challenge, major customers like Apple and Samsung are increasingly designing their own chips, making them both clients and competitors.

That said, QUALCOMM Incorporated (NASDAQ:QCOM) has always grabbed the attention of income investors because of its stable dividend history. The company has raised its dividends for 21 consecutive years, which makes QCOM one of the best stocks for a dividend stock portfolio. It currently pays a quarterly dividend of $0.89 per share and has a dividend yield of 2.13%, as of September 21.