"Kraft Heinz is a popular multinational food company with a market cap of $29.20 billion. It is the highest-yielding dividend stock in the Nasdaq Composite with a yield of 6.49%. The company has a payout ratio of 57.97% and has made consecutive dividend payments for 12 years. Berkshire Hathaway Inc. (NYSE: BRK-B) is the largest shareholder with a 27.5% stake in the company."
"Dividend stocks might not sound like an exciting investment in your portfolio, but if you can invest in the right ones, they can generate years of passive income. The Nasdaq Composite index includes the stocks listed on the Nasdaq stock exchange and has some of the biggest and the best U.S. companies. The government uncertainty has led to a shaky stock market, but some of the most exciting investments can be made in the Nasdaq index."
Dividend stocks can generate years of passive income when investors select high-yield companies. The Nasdaq Composite contains many large U.S. firms and includes several high-yield dividend names that can offer portfolio diversification and higher cash generation than the S&P 500. Kraft Heinz, Kimberly-Clark, Comcast, and PepsiCo rank among the highest-yielding dividend stocks in the index. Kraft Heinz yields 6.49%, has a $29.2 billion market cap, a 57.97% payout ratio, and has paid consecutive dividends for 12 years, with Berkshire Hathaway holding a 27.5% stake. Kraft Heinz announced a split and reported third-quarter sales and operating income declines, prompting a lowered full-year outlook.
Read at 24/7 Wall St.
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