<h2>关键要点</h2>
<ul>
<li>卡夫亨氏提供了较高的收益率，但该公司多年来一直在挣扎。</li>
<li>康卡斯特的收入正在缩减。</li>
<li>沛齐在收入和稳定增长之间提供了平衡。</li>
<li>我们更喜欢的 10 只股票比沛齐更好 ›</li>
</ul>
<p><strong>纳斯达克</strong> 股票交易所并不以分红股票而闻名。它更与科技股相关，这些股票通常在成熟之前不会支付分红，即使在那时，分红也往往很小。</p>
<p>然而，仍然有一些纳斯达克股票提供强劲的分红。为了简化问题，使用 <strong>纳斯达克-100</strong> 指数中最大的 100 只纳斯达克股票，以下是该指数中前三大分红支付者。</p>
<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/eIw0KA12.SkNfKZonbpTBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY3OQ--/https://media.zenfs.com/en/motleyfool.com/c0db9635104addab20a91d26336459ac?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="679" original-src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/eIw0KA12.SkNfKZonbpTBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY3OQ--/https://media.zenfs.com/en/motleyfool.com/c0db9635104addab20a91d26336459ac"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. 卡夫亨氏（分红收益率：6.5%）</h2>
<p>包装食品公司以强劲的分红而闻名，这一点在 <strong>卡夫亨氏</strong>（NASDAQ: KHC）身上得到了体现，它以 6.5% 的收益率位居纳斯达克-100 分红股票榜首。</p>
<p>然而，卡夫亨氏是由两家食品巨头在十多年前合并而成，更像是一个收益陷阱，而不是一个有吸引力的分红股票。即使是帮助促成合并的沃伦·巴菲特也承认他为这笔交易支付了过高的价格，此后公司已计提超过 150 亿美元的减值，反映出加工食品在超市货架上面临的挑战。</p>
<p>卡夫亨氏最新的想法是在明年下半年分拆为两家公司。一家将是 “北美杂货公司”，包括奥斯卡·迈耶、卡夫单片奶酪和其他杂货品牌，另一家是 “全球味道提升公司”，包括亨氏、费城奶酪和卡夫奶酪通心粉。</p>
<p>巴菲特也对这一举措表示不满，称这并没有解决业务的根本问题。卡夫亨氏在过去十年中一直在挣扎，即使在公司分拆为两家之后，这种情况似乎也不太可能改变。这只分红股票最好避免。</p>
<h2>2. 康卡斯特（分红收益率：4.4%）</h2>
<p><strong>康卡斯特</strong>（NASDAQ: CMCSA）是一家媒体巨头，其业务包括其名字命名的有线和宽带服务、NBC 网络及相关有线频道、Peacock 流媒体服务，以及环球影业和主题公园。</p>
<p>然而，有线业务正在衰退，宽带业务也已达到成熟阶段，这意味着公司在增长方面面临困难。事实上，在第三季度，收入下降了 2.7%，降至 312 亿美元，调整后的每股收益持平为 1.12 美元。公司在该季度甚至失去了国内宽带客户，其视频业务持续下滑。虽然在无线业务上增加了客户，但其其他业务部门（包括内容和体验、媒体、制片厂和主题公园）的业绩则喜忧参半。</p>
<p>总体而言，康卡斯特似乎面临与许多分红股票类似的挑战。这是一家拥有可靠利润的稳健企业，但没有任何增长，投资者的上行潜力不大。康卡斯特曾对 <strong>华纳兄弟探索</strong> 提出收购报价，但输给了 <strong>Netflix</strong>。未来的收购可能有助于复兴业务，但在这一点上，恢复增长似乎不太可能。投资者最好放弃这只分红股票。</p>
<h2>3. 沛齐（分红收益率：3.8%）</h2>
<p>与名单上的前两家公司不同，<strong>沛齐</strong>（NASDAQ: PAYX）是一家科技公司，提供基于云的软件，帮助企业管理后勤功能，如工资、HR、福利及相关需求。</p>
<p>沛齐也在实现增长，在其最近一个季度报告中，收入增长了 17%，达到 15.4 亿美元，尽管大部分增长来自于今年早些时候以 41 亿美元收购 Paycor。公司没有报告有机收入增长，但在该季度的有机增长应在低至中个位数之间。</p>
<p>工资处理及相关需求似乎大多已达到成熟阶段，这可能会对沛齐未来造成压力。尽管如此，公司预计在当前财年调整后的每股收益增长为 9%-11%。</p>
<p>沛齐的市盈率也处于合理水平，为 25.6。对于寻求科技曝光和分红收益的投资者来说，沛齐看起来是一个不错的选择。</p>
<h2>你现在应该购买沛齐的股票吗？</h2>
<p>在你购买沛齐的股票之前，请考虑以下几点：</p>
<p>_Motley Fool Stock Advisor_分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而沛齐并不在其中。入选的 10 只股票在未来几年可能会产生巨额回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 511,196 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,047,897 美元</strong>！*</p>
<p>现在值得注意的是，_Stock Advisor_的总平均回报率为 951%——相比之下，标准普尔 500 指数的回报率为 192%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区。</strong></p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 回报截至 2025 年 12 月 15 日</em></p>
<p><em>杰里米·鲍曼持有 Netflix 的股份。Motley Fool 持有并推荐 Netflix 和华纳兄弟探索。Motley Fool 推荐康卡斯特、卡夫亨氏和纳斯达克。Motley Fool 有披露政策。</em></p>
<p>你应该购买纳斯达克上收益最高的 3 只分红股票吗？最初由 Motley Fool 发布。</p>

卡夫亨氏

沛齐

康卡斯特

<p>本文评估了纳斯达克上的三只高收益股息股票：卡夫亨氏、康卡斯特和沛齐。卡夫亨氏提供 6.5% 的收益率，但面临重大挑战，最好避免投资。康卡斯特的收益率为 4.4%，在收入下降和增长问题上苦苦挣扎。沛齐的收益率为 3.8%，在收入和增长之间提供了平衡，是寻求科技投资和股息的投资者更好的选择</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键要点</h2>
</div><ul>
<li>Kraft Heinz offers a strong yield, but the company has been struggling for years.</li>
<li>Comcast is seeing revenue shrink.</li>
<li>Paychex offers a balance between income and steady growth.</li>
<li>10 stocks we like better than Paychex ›</li>
</ul>
<div class="lb-trans"><ul>
<li>卡夫亨氏提供了较高的收益率，但该公司多年来一直在挣扎。</li>
<li>康卡斯特的收入正在缩减。</li>
<li>沛齐在收入和稳定增长之间提供了平衡。</li>
<li>我们更喜欢的 10 只股票比沛齐更好 ›</li>
</ul>
</div><p>The <strong>Nasdaq</strong> stock exchange isn't known for dividend stocks. It's more associated with tech stocks, which don't generally pay dividends until they've reached maturity, and even then, they tend to be small.</p>
<div class="lb-trans"><p><strong>纳斯达克</strong> 股票交易所并不以分红股票而闻名。它更与科技股相关，这些股票通常在成熟之前不会支付分红，即使在那时，分红也往往很小。</p>
</div><p>However, there are still some Nasdaq stocks to offer strong dividends. Using the <strong>Nasdaq-100</strong> index of the 100 largest Nasdaq stocks to simplify things, here are the top three dividend payers in the index.</p>
<div class="lb-trans"><p>然而，仍然有一些纳斯达克股票提供强劲的分红。为了简化问题，使用 <strong>纳斯达克-100</strong> 指数中最大的 100 只纳斯达克股票，以下是该指数中前三大分红支付者。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/eIw0KA12.SkNfKZonbpTBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY3OQ--/https://media.zenfs.com/en/motleyfool.com/c0db9635104addab20a91d26336459ac" alt="" original-src="https://s.yimg.com/ny/api/res/1.2/eIw0KA12.SkNfKZonbpTBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY3OQ--/https://media.zenfs.com/en/motleyfool.com/c0db9635104addab20a91d26336459ac"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>1. Kraft Heinz (dividend yield: 6.5%)</h2>
<div class="lb-trans"><h2>1. 卡夫亨氏（分红收益率：6.5%）</h2>
</div><p>Packaged food companies are known as strong dividend payers, and that's certainly true of <strong>Kraft Heinz</strong>(NASDAQ: KHC), which tops the Nasdaq-100 list of dividend stocks with a yield of 6.5%.</p>
<div class="lb-trans"><p>包装食品公司以强劲的分红而闻名，这一点在 <strong>卡夫亨氏</strong>（NASDAQ: KHC）身上得到了体现，它以 6.5% 的收益率位居纳斯达克-100 分红股票榜首。</p>
</div><p>However, Kraft Heinz, which was formed by a merger of the two food giants over a decade ago, bears a closer resemblance to a yield trap than an attractive dividend stock. Even Warren Buffett, who helped engineer the merger, acknowledged that he overpaid for the deal, and since then, the company has taken more than $15 billion in writedowns, reflecting the challenges that processed foods have faced in the grocery aisles.</p>
<div class="lb-trans"><p>然而，卡夫亨氏是由两家食品巨头在十多年前合并而成，更像是一个收益陷阱，而不是一个有吸引力的分红股票。即使是帮助促成合并的沃伦·巴菲特也承认他为这笔交易支付了过高的价格，此后公司已计提超过 150 亿美元的减值，反映出加工食品在超市货架上面临的挑战。</p>
</div><p>Kraft Heinz's latest idea is to split into two companies in the second half of next year. One will be &#34;North American Grocery Co,&#34; which includes brands like Oscar Mayer, Kraft Singles and other grocery staples and the other is &#34;Global Taste Elevation Co.,&#34; which includes brands like Heinz, Philadelphia, and Kraft Mac &amp; Cheese.</p>
<div class="lb-trans"><p>卡夫亨氏最新的想法是在明年下半年分拆为两家公司。一家将是 “北美杂货公司”，包括奥斯卡·迈耶、卡夫单片奶酪和其他杂货品牌，另一家是 “全球味道提升公司”，包括亨氏、费城奶酪和卡夫奶酪通心粉。</p>
</div><p>Buffett also panned this move, saying it doesn't solve the underlying problems with the business. Kraft Heinz has struggled over the last decade, and that seems unlikely to change, even after the company is split into two. This dividend stock is best avoided.</p>
<div class="lb-trans"><p>巴菲特也对这一举措表示不满，称这并没有解决业务的根本问题。卡夫亨氏在过去十年中一直在挣扎，即使在公司分拆为两家之后，这种情况似乎也不太可能改变。这只分红股票最好避免。</p>
</div><h2>2. Comcast (dividend yield 4.4%)</h2>
<div class="lb-trans"><h2>2. 康卡斯特（分红收益率：4.4%）</h2>
</div><p><strong>Comcast</strong>(NASDAQ: CMCSA) is a media conglomerate whose businesses include its namesake cable and broadband service, the NBC network and related cable channels, the Peacock streaming service, and Universal Studios and theme parks.</p>
<div class="lb-trans"><p><strong>康卡斯特</strong>（NASDAQ: CMCSA）是一家媒体巨头，其业务包括其名字命名的有线和宽带服务、NBC 网络及相关有线频道、Peacock 流媒体服务，以及环球影业和主题公园。</p>
</div><p>However, the cable business is declining, and broadband is reaching maturity, meaning the company is struggling to grow. In fact, in the third quarter, revenue fell 2.7% to $31.2 billion, and adjusted earnings per share were flat at $1.12. The company even lost domestic broadband customers in the quarter, and its video business continued to decline. It did add customers for wireless lines, while results in its other business segments, which include content and experiences, media, studios, and theme parks, were mixed.</p>
<div class="lb-trans"><p>然而，有线业务正在衰退，宽带业务也已达到成熟阶段，这意味着公司在增长方面面临困难。事实上，在第三季度，收入下降了 2.7%，降至 312 亿美元，调整后的每股收益持平为 1.12 美元。公司在该季度甚至失去了国内宽带客户，其视频业务持续下滑。虽然在无线业务上增加了客户，但其其他业务部门（包括内容和体验、媒体、制片厂和主题公园）的业绩则喜忧参半。</p>
</div><p>Overall, Comcast seems to face a similar challenge to a lot of dividend stocks. It's a solid business with reliable profits, but without any growth, there's not much upside potential for investors. Comcast put in a bid for <strong>Warner Bros. Discovery</strong> but lost out to <strong>Netflix</strong>. A future acquisition could help revive the business, but at this point, a return to growth seems unlikely. Investors are better off passing on this dividend stock.</p>
<div class="lb-trans"><p>总体而言，康卡斯特似乎面临与许多分红股票类似的挑战。这是一家拥有可靠利润的稳健企业，但没有任何增长，投资者的上行潜力不大。康卡斯特曾对 <strong>华纳兄弟探索</strong> 提出收购报价，但输给了 <strong>Netflix</strong>。未来的收购可能有助于复兴业务，但在这一点上，恢复增长似乎不太可能。投资者最好放弃这只分红股票。</p>
</div><h2>3. Paychex (dividend yield 3.8%)</h2>
<div class="lb-trans"><h2>3. 沛齐（分红收益率：3.8%）</h2>
</div><p>Unlike the first two companies on this list, <strong>Paychex</strong>(NASDAQ: PAYX) is a tech company, provides cloud-based software that helps businesses manage back-office functions like payroll, HR, benefits, and related needs.</p>
<div class="lb-trans"><p>与名单上的前两家公司不同，<strong>沛齐</strong>（NASDAQ: PAYX）是一家科技公司，提供基于云的软件，帮助企业管理后勤功能，如工资、HR、福利及相关需求。</p>
</div><p>Paychex is also delivering growth, reporting 17% revenue growth in its most recent quarter to $1.54 billion, though most of that increase came from its $4.1 billion acquisition of Paycor earlier this year. The company didn't report organic revenue growth, but it would have been in the low-to-mid-single digits in the quarter.</p>
<div class="lb-trans"><p>沛齐也在实现增长，在其最近一个季度报告中，收入增长了 17%，达到 15.4 亿美元，尽管大部分增长来自于今年早些时候以 41 亿美元收购 Paycor。公司没有报告有机收入增长，但在该季度的有机增长应在低至中个位数之间。</p>
</div><p>Payroll processing and related needs seem to be mostly mature, which could put pressure on Paychex going forward. Still, the company expects adjusted earnings-per-share growth of 9%-11% in the current fiscal year.</p>
<div class="lb-trans"><p>工资处理及相关需求似乎大多已达到成熟阶段，这可能会对沛齐未来造成压力。尽管如此，公司预计在当前财年调整后的每股收益增长为 9%-11%。</p>
</div><p>Paychex also trades at a reasonable price-to-earnings ratio of 25.6. For investors looking for both tech exposure and dividend yield, Paychex looks like a good choice.</p>
<div class="lb-trans"><p>沛齐的市盈率也处于合理水平，为 25.6。对于寻求科技曝光和分红收益的投资者来说，沛齐看起来是一个不错的选择。</p>
</div><h2>Should you buy stock in Paychex right now?</h2>
<div class="lb-trans"><h2>你现在应该购买沛齐的股票吗？</h2>
</div><p>Before you buy stock in Paychex, consider this:</p>
<div class="lb-trans"><p>在你购买沛齐的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Paychex wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p>_Motley Fool Stock Advisor_分析师团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而沛齐并不在其中。入选的 10 只股票在未来几年可能会产生巨额回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $511,196</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,047,897</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 511,196 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入这个名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,047,897 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 951% — a market-crushing outperformance compared to 192% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是，_Stock Advisor_的总平均回报率为 951%——相比之下，标准普尔 500 指数的回报率为 192%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of December 15, 2025</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 回报截至 2025 年 12 月 15 日</em></p>
</div><p><em>Jeremy Bowman has positions in Netflix. The Motley Fool has positions in and recommends Netflix and Warner Bros. Discovery. The Motley Fool recommends Comcast, Kraft Heinz, and Nasdaq. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>杰里米·鲍曼持有 Netflix 的股份。Motley Fool 持有并推荐 Netflix 和华纳兄弟探索。Motley Fool 推荐康卡斯特、卡夫亨氏和纳斯达克。Motley Fool 有披露政策。</em></p>
</div><p>Should You Buy the 3 Highest-Paying Dividend Stocks on the Nasdaq? was originally published by The Motley Fool</p>
<div class="lb-trans"><p>你应该购买纳斯达克上收益最高的 3 只分红股票吗？最初由 Motley Fool 发布。</p>
</div>

是否应该购买纳斯达克上收益最高的三只股息股票？