When looking at the largest and most popular tech stocks on the market, you may be surprised to find that the dividend returns are surprisingly small, and in some cases nonexistent.
Apple Inc. (NASDAQ: AAPL) has a dividend yield of 1.43%. Microsoft (NASDAQ: MSFT) is currently at 1.49%. Amazon (NASDAQ: AMZN), the third most valuable company on the stock market, pays no dividend at all.
If you want strong holdings in the tech industry, all three of these stocks are good bets. However, if you want to start generating an income in the short term, you’ll need to consider some high dividend stocks. The following are three of the best in the tech industry.
Seagate Technology (NASDAQ: STX)
Stock in Seagate has rallied in 2019, growing 26.82% since the start of the year. However, stock is still down -16.01% when looking at figures over the last 12 months. This makes it something of a bargain considering high.
Seagate is a data storage product developer. It manufactures hard disk drives, interconnect cards, hybrid drives, and solid-state drives (SSD). Seagate’s SSD sales should benefit from 5G rollout and the near-obsolescence of mechanical hard drives in the consumer market. The company increased its revenue by 2.76% in the 2018 fiscal year, reversing a decrease from 2017.
- Current Dividends Yield: 5.15%
Texas Instruments dividends (NASDAQ: TXN)
As one of the oldest computer technology companies in the United States, Texas Instruments is a popular stock with income-minded investors. Stock has seen modest growth this year, thanks to strong sales performance in the 2018 fiscal year. The company increased its revenue by 5.50% year over year, while gross income was up 7.13% for a profit margin of 63.10%.
Texas Instruments has strong management and a well-diversified portfolio of technology products. The dividends looks very safe with free cash flow of $6.06 billion.
- Current Dividends Yield: 2.68%
Cisco Systems (NASDAQ: CSCO)
As another stock that pays a strong dividends above the market average, Cisco is worth a closer look for your portfolio. The company specializes in networking equipment and is a global market leader. Annual revenue increased by 2.76% in 2018, hitting a 5-year peak of $49.33 billion. The company is incredibly lean with a profit margin of 63.00%. This could help to protect the coming years.
- Current Dividends Yield: 2.48%
Each listed stock could provide additional income for your portfolio in the coming quarters. Income stocks are a great complement to high potential growth stocks. As always, perform due diligence before making any investment decision.
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