Monday, June 3, 2019

5 Tech Stocks With A History of Growing Their Dividends

When you hear the words "tech stocks", many investors think back to the tech bubble in the late 90s. A tech company's goal back then was to plow back every penny into the business for sustained grow. The entire focus was on capital gains. During this era companies that paid dividends were looked down on as inferior.

Like our teenage years, everything was fast and furious as tech companies grew with seemingly no bounds. Eventually, however, we all mature and transition into another phase of life. The same has occurred with many of the tech companies. Consider Microsoft (MSFT) and Intel (INTC).

When MSFT and INTC were formed they paid no dividend. Instead they funneled all their cash back into growing the business. As they matured and growth slowed, each began to pay a very nominal dividend. Today, these companies and industries are mature and their rising dividends reflect it, with MSFT paying 1.4% and INTC paying 2.5%.

This week week, I screened my dividend growth stocks database for Technology companies with a yield at or above 2% and that have increased their dividends for at least 9 consecutive years. The results are presented below:

Cisco Systems, Inc. (CSCO) offers a complete line of routers and switching products that connect and manage communications among local and wide area computer networks employing a variety of protocols.
Yield: 2.5% | Years of Dividend Growth: 9

Texas Instruments Inc. (TXN) is one of the world's largest manufacturers of semiconductors, this company also produces scientific calculator products and DLP products for TVs and video projectors.
Yield: 2.6% | Years of Dividend Growth: 16

Qualcomm Incorporated (QCOM) focuses on developing products and services based on its advanced wireless broadband technology.
Yield: 2.9% | Years of Dividend Growth: 16

Maxim Integrated Products, Inc. (MXIM) designs, develops and manufactures linear and mixed-signal integrated circuits used mainly in signal processing applications.
Yield: 3.1% | Years of Dividend Growth: 21

IBM's (IBM) global offerings include information technology services, software, computer hardware equipment, fundamental research, and related financing.
Yield: 4.5% | Years of Dividend Growth: 24

As with past screens, the data presented above is in its raw form. Some of the the companies would be disqualified for poor dividend fundamentals. However some of the others may be worth additional due diligence.

My database, D4L-Data, is an Open Office spreadsheet containing more than 20 columns of information on approximately 200 companies that I track. The data is sortable and has built-in buttons and macros to make it easy to use. Companies included in the list are those that have had a history of dividend growth. The D4L-Data spreadsheet is a part of D4L-Premium Services and is updated each Saturday for subscribers.

Full Disclosure: MFST, CSCO, TXN,

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