Companies that pay the most dividends
The largest US-listed companies ranked by the cash they paid their shareholders in dividends over the last twelve months, as reported to the SEC.
Data refreshed:
Microsoft leads with $27.03B, ahead of JPMorgan Chase ($17.31B) and ExxonMobil ($17.24B).
| Rank | Company | Dividends paid |
|---|---|---|
| 1 | Microsoft MSFT | $27.03B |
| 2 | JPMorgan Chase JPM | $17.31B |
| 3 | ExxonMobil XOM | $17.24B |
| 4 | Apple AAPL | $15.64B |
| 5 | Johnson & Johnson JNJ | $12.72B |
| 6 | Broadcom AVGO | $12.08B |
| 7 | Alphabet GOOGL | $10.16B |
| 8 | UnitedHealth Group UNH | $8.1B |
| 9 | Walmart WMT | $7.7B |
| 10 | Nvidia NVDA | $6.78B |
| 11 | Eli Lilly LLY | $5.98B |
| 12 | Meta Platforms META | $5.4B |
| 13 | Visa V | $4.88BTTM to Mar 31, 2026 |
| 14 | CVS Health CVS | $3.42B |
| 15 | Micron Technology MU | $610MFY2026 |
| 16 | McKesson MCK | $393M |
How these rankings work
- Source. The financial statements companies file with the US Securities and Exchange Commission (SEC) in their 10-K, 10-Q, 20-F and 40-F reports, read every week from the SEC's public EDGAR data.
- Trailing twelve months. Revenue, net income and dividends cover the latest four quarters: the last fiscal year, plus this year's quarters so far, minus the same quarters a year earlier. Companies that report only once a year, as most foreign companies do, show their last fiscal year, marked FY.
- Which companies. The 1,000 largest by revenue among companies whose shares or ADRs are listed on the NYSE, Nasdaq, Cboe or the Texas Stock Exchange. Funds, trusts, blank-check companies and preferred shares are left out.
- Currencies. Figures reported in other currencies are converted to US dollars at the latest reference exchange rate.
- Market cap. The latest share price times the shares outstanding stated on the cover of the company's latest 10-Q or 10-K. For companies with several share classes, such as Alphabet, Meta, Berkshire Hathaway and Visa, every class is counted, converted into the class whose price is shown. Market cap, P/E and dividend yield are available for the companies whose share prices Sonic Wallet tracks.
- Banks. Banks that don't report a total revenue figure are ranked by net interest income plus non-interest income.
Source: SEC EDGAR (public domain). Figures can differ from company press releases, which often use adjusted measures. This is information, not financial advice.
Frequently asked questions
Which company pays the most in dividends?+
Microsoft paid $27.03B in dividends over the twelve months to Sep 30, 2026, more than any other US-listed company.
What do dividends paid measure?+
The cash a company paid out to its shareholders as dividends over the period, as reported in its cash flow statement. Share buybacks, the other way companies return cash, are not included.
What is the payout ratio?+
Dividends paid as a percentage of net income. Above 100% means the company paid out more than it earned over the period, from savings or borrowing; it is left blank for companies that made a loss.
Why is dividend yield not shown for every company?+
Dividend yield divides dividends by market cap, which needs a live share price. Sonic Wallet shows it for the large companies whose prices it tracks, on the market cap ranking and their company pages.
How often is this ranking updated?+
Weekly. Every Sunday Sonic Wallet reads the financial statements companies have filed with the SEC, so a quarterly report usually shows up within a week of its release.