Dividends4Life: 3 High-Yield Tech Stocks to Buy in November

3 High-Yield Tech Stocks to Buy in November

Posted by D4L | Monday, November 22, 2021 | | 0 comments »

It's hard to find investment income right now. Savings accounts pay just 0.06% on average, while the S&P 500's current dividend yield is just 1.33%. Inflation is chewing up your money, averaging 3.2% historically, and has been well above average in 2021. In September, the U.S. inflation rate came in at 5.39% compared to 1.37% last year. Fortunately, mature technology companies can generate large amounts of cash that management returns to its shareholders as high-yield dividends. Here are three great examples to consider adding to your portfolio.

Technology hardware companies that thrived before the digital age have had to reinvent themselves to remain competitive. Xerox Holdings (NASDAQ:XRX) is a prime example, forced to innovate after spending decades relying on selling its printers and copiers to businesses and consumers. Data generation (and how much we create) has become a frequent talking point in the investing community, but few have talked about how data is stored. Seagate Technology (NASDAQ:STX) designs and builds mass storage solutions, including hardware like storage drives, cloud storage, and software. Most dividend investors are familiar with telecommunications company AT&T (NYSE:T), one of the only wireless carriers in the U.S. Its massive dividend currently yields a whopping 8.16%.

Source: Motley Fool

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