Top Tech Stocks for Dividends

Apr 10, 2023 By Triston Martin

The technology business has expanded rapidly in recent years as people have grown to rely more on technological solutions in their everyday lives. Despite the industry's reputation for instability, many IT businesses provide reliable dividends to their investors year after year. These technology dividend stocks may provide their owners the best of both worlds: a chance to make and expand their money. Here, we'll focus on a few of the most promising dividend stocks in the best dividend tech stocks. These corporations have a track record of dividend payments stretching back many years, and their dividend payments have risen year. There are some household names among these IT firms, and there are those that may be less well-known yet provide equally promising investment potential.

Apple Inc. (AAPL)

Apple has a market valuation of nearly $2.4 trillion, making it one of the most significant technology businesses in the world. The firm had maintained an annual dividend rise since 2012, when it first began dividend payments. In 2021, Apple shareholders will get a quarterly dividend of $0.22 per share for a dividend yield of around 0.6%.

Microsoft Corporation (MSFT)

Another software behemoth that has consistently rewarded its investors for more than a decade is Microsoft. Since 2004, the firm's dividend payments have climbed annually, and the dividend yield is now at 0.8%. Each quarter, Microsoft shareholders get a $0.62 dividend payment.

International Business Machines Corporation (IBM)

IBM, a consulting and technology firm, has rewarded its investors with dividends since 1916. The dividend yield for this corporation is around 4.7%, and it has climbed annually over the last 25 years. The dividend paid out by IBM each quarter is $1.64.

Cisco Systems, Inc. (CSCO)

Since 2011, Cisco, a worldwide best tech dividend stocks, has provided its shareholders with dividend payments. Since then, the company's dividend payments have climbed annually, and the current dividend yield is around 2.6%. Each Cisco share receives a quarterly dividend of $0.37.

Intel Corporation (INTC)

Since 1992, stockholders of semiconductor giant Intel have received annual dividend payments. The dividend yield is at 2.8%, and the firm has grown its dividend payments annually for five years. The dividend per share from Intel is $0.3475 every quarter.

QUALCOMM Incorporated (QCOM)

Qualcomm, a provider of semiconductors and telecom equipment, has been rewarding its stockholders with dividend payments since 2003. Since then, the company's dividend payments have climbed annually, and the current dividend yield is 2.1%. The dividend per share from Qualcomm is $0.68 every quarter.

Texas Instruments Incorporated (TXN)

The semiconductor firm Texas Instruments has rewarded its investors with dividend payments since 1962. For the last 17 years, the firm's dividend payments have grown annually, and the current dividend yield is at 2.4%. Dividends paid out by Texas Instruments are $1.15 per share every three months.

Broadcom Inc. (AVGO)

Since 2010, stockholders of Broadcom, a manufacturer of semiconductors and software, have received annual dividend payments. Since then, the company's dividend payments have climbed annually, and the current dividend yield is at 2.8%. The dividend payment per share from Broadcom is $3.60 every quarter.

Applied Materials, Inc. (AMAT)

Since 2004, stockholders of Applied Materials, a semiconductor and equipment manufacturer, have received dividend payments. Since then, the corporation has implemented annual dividend increases, which now boast a dividend yield of around 0.7%. Each quarter, shareholders of Applied Materials get a $0.24 dividend.

Oracle Corporation (ORCL)

Since 2009, Oracle, a worldwide technology corporation, has provided its stockholders with dividend payments. Since then, the corporation has implemented annual dividend increases, which now boast a dividend yield of around 1.5%. The dividend per share from Oracle is $0.32 every quarter.

Verizon Communications Inc. (VZ)

Verizon, a telecommunications firm, has provided dividends to its investors every year since 1984. The dividend yield for this firm is about 4.8%, and it has climbed annually for the last 14 years. The dividend per share paid out by Verizon each quarter is $0.63.

AT&T Inc. (T)

Similarly, AT&T has rewarded its investors with dividends for over 30 years. The dividend yield is now about 7.4%, and the firm has grown its dividend payments annually for the previous 37 years. AT&T pays a dividend of $0.52 per share every three months.

T-Mobile US, Inc. (TMUS)

Since 2017, stockholders of T-Mobile, Inc., a telecommunications firm, have received dividend payments. Since then, the corporation has implemented annual dividend increases, which now boast a dividend yield of around 1.5%. T-Mobile pays its shareholders $0.99 per share every three months.

Conclusion

Dividend stocks in the technology sector are a great way to profit from the industry's rapid expansion and simultaneously secure a steady income stream. All of the firms we've discussed above have a proven track record of dividend payments, and they've all grown their dividend payments year after year. Investing is a long-term endeavor, so doing your homework before putting money into anything is essential.

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