undamentalytics Newsletter

Biggest dividend payers in the US

Total cash dividends paid to shareholders in the latest fiscal year, from the cash flow statement. Microsoft Corporation leads with $26.4bn in fiscal 2026. The top 100 of 1,632 companies with a figure on file.

#CompanySectorDividends paidFiscal year
1 Microsoft CorporationMSFT Technology $26.4bn 2026
2 ExxonMobilXOM Energy $17.2bn 2025
3 JPMorgan ChaseJPM Financials $16.6bn 2025
4 Apple Inc.AAPL Technology $15.7bn 2026
5 Taiwan Semiconductor Manufacturing Co LTDTSM Technology $15.0bn 2025
6 Chevron CorporationCVX Energy $12.8bn 2025
7 Johnson & JohnsonJNJ Health Care $12.4bn 2025
8 AbbVieABBV Health Care $11.7bn 2025
9 VerizonVZ Communication Services $11.5bn 2025
10 BroadcomAVGO Technology $11.1bn 2025
11 Procter & GamblePG Consumer Staples $10.2bn 2026
12 Alphabet Inc. (Class A)GOOGL Communication Services $10.0bn 2025
13 PfizerPFE Health Care $9.8bn 2025
14 TransDigm GroupTDG Industrials $9.6bn 2025
15 Bank of AmericaBAC Financials $9.6bn 2025
16 The Home DepotHD Consumer Discretionary $9.2bn 2026
17 The Coca-Cola CompanyKO Consumer Staples $8.8bn 2025
18 Philip Morris InternationalPM Consumer Staples $8.6bn 2025
19 AT&TT Communication Services $8.2bn 2025
20 Merck & Co.MRK Health Care $8.2bn 2025
21 UnitedHealth GroupUNH Health Care $7.9bn 2025
22 Novo Nordisk A SNVO Health Care $7.8bn 2025
23 PepsiCoPEP Consumer Staples $7.6bn 2025
24 WalmartWMT Consumer Staples $7.5bn 2026
25 AltriaMO Consumer Staples $7.0bn 2025
26 Morgan StanleyMS Financials $6.6bn 2025
27 CiscoCSCO Technology $6.6bn 2026
28 IBMIBM Technology $6.3bn 2025
29 Blackstone Inc.BX Financials $6.0bn 2025
30 Oracle CorporationORCL Technology $5.8bn 2026
31 Toronto Dominion BankTD Financials $5.5bn 2025
32 Wells FargoWFC Financials $5.4bn 2025
33 United Parcel ServiceUPS Industrials $5.4bn 2025
34 Lilly (Eli)LLY Health Care $5.4bn 2025
35 CitigroupC Financials $5.4bn 2025
36 Meta PlatformsMETA Communication Services $5.3bn 2025
37 Goldman SachsGS Financials $5.3bn 2025
38 AmgenAMGN Health Care $5.1bn 2025
39 McDonald'sMCD Consumer Discretionary $5.1bn 2025
40 Bristol Myers SquibbBMY Health Care $5.0bn 2025
41 Texas InstrumentsTXN Technology $5.0bn 2025
42 Astrazeneca PLCAZN Health Care $5.0bn 2025
43 ComcastCMCSA Communication Services $4.9bn 2025
44 Alibaba Group Holding LtdBABA Consumer Discretionary $4.8bn 2026
45 NextEra EnergyNEE Utilities $4.7bn 2025
46 Visa Inc.V Financials $4.6bn 2025
47 Anheuser-busch Inbev SABUD Consumer Staples $4.5bn 2025
48 Bank Of Nova ScotiaBNS Financials $4.2bn 2025
49 T-Mobile USTMUS Communication Services $4.1bn 2025
50 Abbott LaboratoriesABT Health Care $4.1bn 2025
51 Gilead SciencesGILD Health Care $4.0bn 2025
52 ConocoPhillipsCOP Energy $4.0bn 2025
53 AccentureACN Technology $4.0bn 2026
54 CME GroupCME Financials $3.9bn 2025
55 QualcommQCOM Technology $3.8bn 2025
56 PrologisPLD Real Estate $3.8bn 2025
57 MedtronicMDT Health Care $3.6bn 2026
58 Bank Of MontrealBMO Financials $3.6bn 2025
59 RTX CorporationRTX Industrials $3.6bn 2025
60 Sinovac Biotech LTDSVA Health Care $3.5bn 2025
61 Canadian Natural Resources LtdCNQ Energy $3.5bn 2025
62 CVS HealthCVS Health Care $3.4bn 2025
63 Duke EnergyDUK Utilities $3.3bn 2025
64 Union Pacific CorporationUNP Industrials $3.2bn 2025
65 American TowerAMT Real Estate $3.2bn 2025
66 U.S. BancorpUSB Financials $3.2bn 2025
67 Natwest Group plcNWG Financials $3.1bn 2025
68 Lockheed MartinLMT Industrials $3.1bn 2025
69 Southern CompanySO Utilities $3.0bn 2025
70 Ford Motor CompanyF Consumer Discretionary $3.0bn 2025
71 Honeywell TechnologiesHON Industrials $3.0bn 2025
72 Realty IncomeO Real Estate $2.9bn 2025
73 Asml Holding NVASML Technology $2.9bn 2025
74 Progressive CorporationPGR Financials $2.9bn 2025
75 Brookfield Asset Management Ltd.BAM Financials $2.8bn 2025
76 Linde plcLIN Materials $2.8bn 2025
77 StarbucksSBUX Consumer Discretionary $2.8bn 2025
78 MastercardMA Financials $2.8bn 2025
79 Caterpillar Inc.CAT Industrials $2.7bn 2025
80 Truist FinancialTFC Financials $2.7bn 2025
81 Lowe'sLOW Consumer Discretionary $2.6bn 2026
82 PNC Financial ServicesPNC Financials $2.6bn 2025
83 Automatic Data ProcessingADP Industrials $2.6bn 2026
84 Kinder MorganKMI Energy $2.6bn 2025
85 OneokOKE Energy $2.6bn 2025
86 TC Energy CorpTRP Energy $2.5bn 2025
87 Mondelez InternationalMDLZ Consumer Staples $2.5bn 2025
88 Southern Copper Corp/SCCO Materials $2.5bn 2025
89 Hdfc Bank LTDHDB Financials $2.5bn 2026
90 CostcoCOST Consumer Staples $2.5bn 2026
91 Williams CompaniesWMB Energy $2.4bn 2025
92 Nike, Inc.NKE Consumer Discretionary $2.4bn 2026
93 Charles Schwab CorporationSCHW Financials $2.3bn 2025
94 Dominion EnergyD Utilities $2.3bn 2025
95 American ExpressAXP Financials $2.3bn 2025
96 PaccarPCAR Industrials $2.3bn 2025
97 EOG ResourcesEOG Energy $2.2bn 2025
98 Target CorporationTGT Consumer Staples $2.1bn 2026
99 Suncor Energy IncSU Energy $2.0bn 2025
100 American Electric PowerAEP Utilities $2.0bn 2025

Would buying this list have paid?

Buying the top 100 companies by dividends paid, as the list stood each quarter since March 31, 2010, would have returned +12.9% a year against +14.0% for the S&P 500. No: it trailed the S&P 500 bought and held.

$0$25.0k$50.0k$75.0k 201020122014201620182020202220242026 $87.2k$74.1k
Top 100 by dividends paidS&P 500, buy and hold $10,000 invested in March 31, 2010, before costs. Strategy: equal amounts in the list's top 100, rebuilt every quarter from figures for quarters that ended at least 90 days earlier.
Return a yearTypical yearly swingSharpe ratioBiggest dropMoves with market (beta)
Top 100 by dividends paid+12.9%13.9%0.85-25.1%0.81
S&P 500, buy and hold+14.0%15.1%0.87-23.9%1.00
  • Ahead of the S&P 500 in 42.4% of 66 quarters.
  • Extra return after allowing for market risk (alpha): +1.3% a year No reliable evidence t = 0.68
  • Against the S&P 500: −0.1% a year in 2010–2017, −2.1% in 2018–2026.

A backtest describes the past under fixed rules; it is not a forecast. Today's companies only (firms that failed or were taken over are missing, which flatters the result), and fewer companies qualify in the early years; figures as later filed, including restatements; no trading costs; trailing twelve months stand in for the latest fiscal year. Sharpe ratio is return above the Treasury bill rate per unit of swing. All our backtests.

More rankings

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.