For many years, investors couldn’t count on the technology sector for dividends. Investors who desired income from their stock investments had to look elsewhere, toward traditional dividend payers such as utilities or consumer goods companies. However, the technology sector has become a great place to look for dividends. That’s because the largest technology companies are no longer speculative highfliers that need to retain every dollar of revenue to reinvest in the business.
These companies are instead stable and highly profitable, and due to their robust cash flows, they’re flush with cash. This has shareholders increasingly demanding their fair share, and companies in the tech sector are steadily turning into reliable dividend stocks. Here are five dividend payers in the tech sector to start your research: Apple (NASDAQ: AAPL), Microsoft (NASDAQ: AAPL), Intel (NASDAQ: INTC), Texas Instruments (NASDAQ: TXN) and Verizon (NYSE: VZ).
Apple is the largest company in the world by market capitalization and offers its namesake electronics products. Microsoft is a software megacap, with products including Office and Azure. Intel and Texas Instruments make chips for a variety of industries. Intel’s chips are predominantly found in personal computers, while Texas Instruments focuses primarily on analog and embedded processors, for things like power management and connectivity. Verizon is a huge telecommunications company that offers television, Internet, and cellular phone service across the country.
Source: Motley Fool
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