Dividends4Life: 3 Dividend-Paying Tech Stocks to Buy in October

Dividend Growth Stocks News

The common narrative around technology is usually one of growth. However, there are quite a few mature dividend stocks out there, whose payouts should also grow handsomely along with revolutions in cloud computing, artificial intelligence, 5G, and the Internet of Things. With many tech stocks having sold off recently on fears of higher interest rates, the following three stocks all look like solid buys on the recent dip. And while their current yields may not turn many heads, those yields should grow handsomely in the years to come as those tech trends take off.

OK, so a 0.56% dividend won't exactly light up the scoreboard, but Micron Technology (NASDAQ:MU) just recently initiated its first dividend in 25 years, so it's a big deal even if today's yield doesn't wow income investors. Another great dividend grower is Lam Research (NASDAQ:LRCX), which is one of Micron's suppliers, especially in the production of NAND flash chips. For those feeling a bit more dangerous and looking to buy the (very big) dip in China, Tencent Holdings (OTC:TCEHY) stock looks like it may be putting in a bottom here, down about 40% from its all-time highs set back in the beginning of this year.

Source: Motley Fool

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