10 Biggest Dividend Payers in 2022
We present the 10 biggest dividend payers in 2022 trading on U.S. stock exchanges and ranked by total cash paid out.
1. Petrobras Brasileiro
Petrobras Brasileiro (PBR) is Brazil’s leading oil and natural gas company. The stock trades as an American Depository Receipt (ADR) on the New York Stock Exchange (NYSE). For years, the firm struggled with too high debt and a lack of profitability. But restructuring, lower debt, and higher oil prices have changed its fortunes. As a result, the company paid out $42 billion in dividends in 2022.
Microsoft (MSFT) is a well-known diversified enterprise and retail hardware and software conglomerate. The firm has been in the news because of its investment in ChatGPT. Additionally, the firm is the second largest by market capitalization. Microsoft paid nearly $19 billion in dividends last year. The AAA-rated balance sheet and an A+ dividend quality grade support the dividend.
3. BHP Group
BHP Group (BHP) Limited is the only Australian company on the list. It is also one of the world’s largest mining and basic materials companies. BHP Group mines coal, copper, silver, gold, iron ore, nickel, etc. The firm’s scale has allowed it to pay over $16.4 billion in dividends in 2022.
4. Exxon Mobil
Exxon Mobil (XOM) is next after having paid $14.9+ billion in dividends last year. The company is the largest oil major in the United States and one of the biggest globally. Exxon Mobil has paid a dividend since 1882. It is also a Dividend Aristocrat with a 40-year streak of increases.
Apple (AAPL) is the largest company in the world by market capitalization. The company is worth $2.6 trillion, about $500 hundred billion more than the No. 2 business. In addition, the software and hardware giant paid over $14.8 billion in dividends in 2022.
6. JP Morgan Chase
The sixth company on this list of biggest dividend payers is JPMorgan Chase (JPM), the global banking giant. The company traces its history to 1799. Today, it offers retail and commercial banking, asset & wealth management, and investment banking. JPMorgan Chase paid about $13.5 billion in dividends last year.
7. Rio Tinto Group
Rio Tinto Group (RIO) is the second mining company on this list of biggest dividend payers. This British company trades as an ADR on the NYSE. It mines iron ore, aluminum, copper, diamonds, gold, etc. The firm also owns refineries, smelters, and power stations. Rio Tinto is a UK Dividend Aristocrat and paid ~$11.7 billion in dividends in 2022.
8. Johnson & Johnson
Johnson & Johnson is the largest pharmaceutical company in the world. It sells R&D-based therapies, medical devices, and over-the-counter medicines. The firm is known for its long dividend history and dividend growth. Johnson & Johnson is one of only 42 Dividend Kings. The company paid almost $11.7 billion in dividends in the past year.
Chevron (CVX) is the third oil major on this list of biggest dividend payers after paying nearly $11 billion last year. The company explores, refines, transports, and sells oil, natural gas, and petrochemicals. Chevron is also a Dividend Aristocrat and Dividend Champion.
Verizon Communications (VZ) is one of the communications market leaders in the United States. It is also known for its high dividend yield of nearly 7%. Verizon paid approximately $10.8 billion of dividends in 2022.
Disclosure: Long MSFT, AAPL, JNJ, and VZ.
Disclaimer: The author is not a licensed or registered investment adviser or broker/dealer. He is not providing you with individual investment advice. Please consult with a licensed investment professional before you invest your money.
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Prakash Kolli is the founder of the Dividend Power site. He is a self-taught investor, analyst, and writer on dividend growth stocks and financial independence. His writings can be found on Seeking Alpha, InvestorPlace, Business Insider, Nasdaq, TalkMarkets, ValueWalk, The Money Show, Forbes, Yahoo Finance, and leading financial sites. In addition, he is part of the Portfolio Insight and Sure Dividend teams. He was recently in the top 1.0% and 100 (73 out of over 13,450) financial bloggers, as tracked by TipRanks (an independent analyst tracking site) for his articles on Seeking Alpha.