3 Tech Stocks That Pay Dividends
The phrase “tech stocks that pay dividends” almost seems like an oxymoron. After all, aren’t most high-growth tech companies burning through cash on their way to profitability? That’s a common misconception. There are plenty of tech stocks that pay dividends while still growing revenue at a brisk pace. For example, in 2021, 44 of the 76 companies that comprise the Technology Select Sector Index paid a dividend. As for the SP 500 , there are 197 tech stocks in the index. Of those, 78 pay a dividend. So, that gives me plenty of options to choose from in my quest to find the best tech stocks that pay dividends. The trick is selecting three that are still growing. To make the cut, I only selected tech stocks with expected double-digit revenue growth that also have dividend yields of 1% or higher. BHE Benchmark Electronics $28.74 ADI Analog Devices $170.13 ADTN Adtran $24.86 Benchmark Electronics (BHE) Source: Peshkova | Shutterstock Benchmark Electronics (NYSE: BHE ) provides manufacturing services to companies in eight countries from 23 manufacturing locations.
3 Tech Stocks That Pay Dividends
The phrase “tech stocks that pay dividends” almost seems like an oxymoron. After all, aren’t most high-growth tech companies burning through cash on their way to profitability? That’s a common misconception. There are plenty of tech stocks that pay dividends while still growing revenue at a brisk pace. For example, in 2021, 44 of the 76 companies that comprise the Technology Select Sector Index paid a dividend. As for the SP 500 , there are 197 tech stocks in the index. Of those, 78 pay a dividend. So, that gives me plenty of options to choose from in my quest to find the best tech stocks that pay dividends. The trick is selecting three that are still growing. To make the cut, I only selected tech stocks with expected double-digit revenue growth that also have dividend yields of 1% or higher. BHE Benchmark Electronics $28.74 ADI Analog Devices $170.13 ADTN Adtran $24.86 Benchmark Electronics (BHE) Source: Peshkova | Shutterstock Benchmark Electronics (NYSE: BHE ) provides manufacturing services to companies in eight countries from 23 manufacturing locations.