10 Biggest Dividend Payers in 2023
We present the ten biggest dividend payers in 2023 ranked by total cash paid out and trading on U.S. stock exchanges. We employ Stock Rover* to sort equities by their dividend cash flow.
1. Petrobras Brasileiro
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Petrobras Brasileiro (PBR) is Brazil’s main 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. However, years of restructuring, lower debt, and much higher oil prices have changed its fortunes. The company paid out $24.3 billion in dividends in 2023, making it by far number one on this list.
2. Microsoft
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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 largest in terms of market capitalization. Microsoft paid $20.7 billion in dividends last year. The AAA-rated balance sheet and an A+ dividend quality grade support the dividend.
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3. Apple
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Apple (AAPL) is one of the largest companies in the world in terms of market capitalization. It is worth $2.73 trillion, putting it at number two. The firm was No. 1 but was passed by Microsoft. The software and hardware giant paid over $15 billion in dividends.
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4. Exxon Mobil
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Exxon Mobil (XOM) is next after paying $14.9+ billion in dividends in the 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, the third-longest streak in America. It is also a Dividend Aristocrat with a 42-year streak of increases.
5. JP Morgan Chase
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The fifth 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 is retail and commercial banking, asset & wealth management, and investment banking. JPMorgan Chase paid about $13.5 billion in dividends last year.
6. Johnson & Johnson
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Johnson & Johnson is one of the largest pharmaceutical companies in the world. It sells R&D-based therapies, medical devices, and over-the-counter medicines. The firm is also known for its long dividend history and dividend growth. Johnson & Johnson is one of only 44 Dividend Kings. The company paid over $11.7 billion in dividends in the past year.
7. Chevron
Chevron (CVX) is the third major oil company on this list of biggest dividend payers after paying $11.3+ billion last year. The company explores, refines, transports, and sells oil, natural gas, and petrochemicals. Chevron is also a Dividend Aristocrat and Dividend Champion.
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8. Verizon
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Verizon Communications (VZ) is one of the three telecommunications market leaders in the United States. It is also known for its high dividend yield of nearly 7%. Verizon paid approximately $11 billion in dividends in 2023.
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9. Equinor ASA
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Equinor ASA (EQNR) is the only Norwegian company and the fourth energy firm on the list. It is an integrated energy company that explores and produces oil and natural gas worldwide. The firm is also involved in renewables, transportation, and carbon capture and storage. In 2023, the firm paid nearly $11 billion in dividends.
10. AbbVie
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AbbVie (ABBV) is a large R&D-based pharmaceutical firm. It was spun out of Abbott Laboratories in 2012. It has several blockbuster therapies, but Humira is its most well-known and is one of the best-selling ones globally in the past few years. The company paid out $10.5 billion in dividends in 2023.
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.