When searching for dividend stocks, investors don’t usually look at the tech sector. Due to the industry’s fast-changing nature, people simply don’t expect tech companies to pay sustainable dividends. And that’s why today’s top dividend stock is a special one. This Dividend Stock Raised Its Payout 152% in the Last 5 Years...
Seagate Technology PLC (NASDAQ: STX) is a company that specializes in data storage solutions. Among its offerings are hard disk drives (HDDs), solid state drives (SSDs), and solid state hybrid drives (SSHDs). Its products are used in personal computers, as well as high-end servers. Some of Seagate’s products are sold through distributors and retailers, but the company also sells directly to original equipment manufacturers (OEMs). When you look at Seagate Technology, the first thing you will notice is probably going to be its dividend yield. Trading at $42.51 per share, STX stock is currently yielding 5.93%, an extraordinary number compared to most tech stocks in today’s market.
Source: Income Investor
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- Charlie Munger's 10 Rules for Investment Success
- Early Warning Signs of a Dividend Cut
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