The Qualcomm Strategic Initiatives segment invests in early-stage companies in various industries (including 5G, artificial intelligence, automotive, consumer, enterprise, cloud and Internet of Things) and investment for supporting the design and introduction of new products and services for voice and data communications, new industries and applications. It also provides development and other services and related products to U.S. government agencies and their contractors.

Investors receive a 1.59% dividend. The dividend is expected to rise by three cents per share to $0.71. Baird has an Overweight rating on the Qualcomm stock and recently lifted the $200 price target to $250. The consensus target is $219.63. The stock traded at $170.50 on Monday morning.

Ross Stores

This discount retailer continues to be a favorite with cost-conscious consumers. Ross Stores Inc. (NASDAQ: ROST) operates off-price retail apparel and home fashion stores that primarily offer apparel, accessories, footwear and home fashions. About 75% to 80% of the company’s customers are women shopping for themselves or family members.

The company’s Ross Dress for Less stores sell its products at department and specialty stores primarily to middle-income households. Its dd’s Discounts stores sell its products at department and discount stores regular prices to customers from households with moderate income. As of February 10, 2022, it operated approximately 1,900 off-price apparel and home fashion stores in 40 states, the District of Columbia and Guam.

Shareholders now receive a 1.23% dividend. The $0.285 per share dividend is expected to increase to $0.30. The $128 Deutsche Bank price target accompanies a Buy rating. The consensus target for Ross Stores stock is $128.64, and shares were changing hands at $90.75 apiece.

These five top blue-chip companies that are rated Buy across Wall Street are expected to lift the dividends they pay to shareholders. Not only is increasing dividends and returning capital to investors important, but it also shows that the company is doing well and has the earnings and cash flow strength to increase the payouts.

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