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
-
Billionaire Paul Singer has made a fortune shaking up tired businesses. And right now he has a new company in his crosshairs. In industry ci...
-
To live off the passive income from stocks, one of the important things to pay attention to is the company’s distribution policy. Nowadays, ...
-
Whether you refresh your portfolio every five minutes or check it infrequently, like most investors you probably experience some level of st...
-
Utility stocks feature plenty of steady cash flows and high dividends. It doesn’t matter so much what the economy is doing as people still n...
-
The problem is, finding high-quality dividend stocks isn't easy. That's because yield and risk tend to be correlated. In other words...
-
Usually, when a dividend yield is around 10%, it's due to concerns about its sustainability. However, that's not the case with this ...
-
A High-Yield Stock Investors Can Count on. Considering that most dividend stocks pay less than four percent, a 6.2% annual yield should alre...
-
Reinvesting your dividends is a great way to boost the long-term performance of your stock portfolio, but a history of regular payouts alone...
-
We're now three-fourths of the way through 2019, and it's certainly been an eventful year so far. Although the S&P 500 is up by ...
-
While cash flow can come from bond interest or interest from other types of investments, many income investors hone in on dividends. A divid...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.