The technology sector isn’t particularly known for its dividend potential. Where the sector lacks in dividends, it makes up for in growth – an allure that has attracted investors for decades. However, in the current financial climate, tech stocks no longer provide the same returns that investors have grown accustomed to over the past decade, making dividend picks all the more worthwhile. Our latest addition to the Best Technology Dividend Stocks List is a payment data processor that scores highly for dividend safety, returns potential and returns risk while providing a fairly predictable yield.
Thanks to the combination of multiple strategic partners, recurring revenue backlog and capital market expansion benefiting its underlying business, our pick is a strong contender for inclusion in income portfolios. Although our pick doesn’t have the most attractive yield, its 15+ year history of consecutive dividend increases should provide peace of mind in the current market environment.
To make room for our latest payment data provider, we’ve been forced to remove a technology consulting firm from the list.
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
