One of the most difficult sectors to find dividend-paying stocks in is the technology sector. That’s because technology stocks have quite large gross margins. Also, rather than paying shareholders a dividend, the money is typically reinvested in the business for further growth. Another reason for no dividends being paid is because the technology sector is changing very rapidly, with new business plans being created and companies with unique technologies being acquired regularly.
Through the research I have conducted, I have found a technology company that would provide a dividend-paying stock while staying relevant in today’s world: Seagate Technology PLC (NASDAQ:STX). Seagate is the global leader in data storage solutions for customers from around the world. In recent years, Seagate has moved more towards the cloud storage segment, which is seen as the future of data storage. This has put Seagate in competition with the likes of Amazon.com, Inc. (NASDAQ:AMZN), salesforce.com, inc. (NYSE:CRM) and Alphabet Inc (NASDAQ:GOOG). However these companies do not pay a dividend to their shareholders, while STX stock does–and a high dividend, at that. The current dividend yield is 6.41%, with the shares trading at $39.40. A dividend of $0.63 is paid out on a quarterly basis and has grown over the past four years, nearly doubling.
Source: Income Investor
Related Articles:
- 5 Dividend Stocks Beating the S&P With Positive Returns In Excess of 50% YTD
- Income Annuities vs. Dividend Stocks
- 8 Select High-Yield S&P 500 Dividend Stocks
- Your Greatest Wealth Building Asset
- Where To Find Great Dividend Stocks
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Here's an eye-opening statistic: older Americans are more afraid of running out of money than of death itself. And unfortunately, even r...
-
Today, we’ll look at three high-yield dividend stocks that have earned a ‘perfect 10’ from the Smart Score. For investors seeking a clear fo...
-
How do you assess risk? Different investors have different approaches, and when a Black Swan event topples the market, risk assessment becom...
-
Master limited partnerships (MLPs) have fallen out of favor with investors in recent years, thanks to a combination of continued turbulence ...
-
Many companies have been suspending their dividends during the COVID-19 crisis, and in many cases it is understandable. In times of economic...
-
While near-term fluctuations in the stock market can be unpredictable, dividends are one of the few reliable sources of market returns. Stoc...
-
With the price of oil rebounding, I wanted to find five cheap energy stocks that have solid dividend yields. In other words, the dividends a...
-
AbbVie (NASDAQ:ABBV) is in the midst of a transition. AbbVie began life about a decade ago when it was spun off from health care and medical...
-
3M Company (NYSE:MMM) is growing its FCF very well, and as a result, MMM stock is likely to move up at least 44% over the next or so. Right ...
-
This article deals with a sensitive subject - prisons, more precisely, US prisons. Regardless of which side of the argument one takes, sadly...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.