Dividends4Life: Should Investors Put Chips On These 3 Big Dividend Stocks?

Income investors looking for big dividend payers will find three unlikely names on the Dividend Leaders list in Monday’s issue. Lurking among the usual suspects such as AT&T (T), Merck (MRK) and Procter & Gamble (PG) are three tech stocks, all chipmakers. They each pay a dividend north of 3%, well ahead of the S&P 500’s average 2.28% yield.

Maxim Integrated Products (MXIM) currently offers a quarterly payout of 30 cents a share, or $1.20 for the full year, which works out to a 3.7% yield. Microchip Technology (MCHP), with an annualized dividend of 3.3%, leads the three chipmakers with an 85 Composite. Intel (INTC) has been in consolidation mode now for over a year. It too, is down so far this year.

Source: Investors Business Daily

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