The reason technology and dividends are now synonymous can be attributed to the latest pick in our Best Technology Sector Dividend stocks List. During the dot-com boom, our pick was one of the most important firms in the history of the internet and provided huge gains for its shareholders. The key, however, was in its transformation from being simply a hardware provider to becoming a software/services stock. As a result, it’s basically created the business model of recurring revenues that nearly all tech stocks use these days.
It also stuffed its coffers full of cash. So much so that the stock was one of the first tech stocks to begin paying a dividend. That dividend has continued to grow over the years and now gives the stock a sector-leading 2.45% yield.
Now with 5G adoption and cloud computing leading the way, our pick is once again providing plenty of equipment – with services attached – to the enterprise community. This will give investors a long runway for future dividends and growth.
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
