The technology sector has always been one of the most dynamic and innovative sectors of the economy, and it continues to be so. Tech stocks, like those in the medical sector, are well-known for their proclivity for reinvesting in their own growth and operations rather than paying out large dividends to shareholders. According to Forrester, the outlook for the US technology market is improving as 2021 approaches and vaccination rates continue to rise. According to the company’s latest report, this will result in the reopening of businesses and the recovery of the US economy. Software spending is expected to grow at the fastest rate, reaching nearly 10% this year and over 11% in 2022. Tech stocks have generally performed well in the market, though not quite at or above the level of the S&P 500.
Insider Monkey takes a look at the 10 tech stocks that pay dividends. The company is ranked tenth on the list of dividend-paying technology stocks. Computer Services, Inc. reported $0.52 earnings per share in the most recent quarter. The company earned $57.86 million in revenue, an increase of 11.43 percent year over year. The company is ranked ninth on the list of dividend-paying technology stocks. Canaccord increased its price target on QUALCOMM Incorporated’s stock to $225 from $200. The company generated $8 billion in revenue, up 63.5 percent year over year and exceeding analysts’ expectations by $431.67 million. SAP SE is a multinational software company focused on enterprise software development. The company is ranked eighth on the list of dividend-paying technology stocks. SAP SE earned $2.06 per share in the second quarter of 2021, beating estimates by $0.59. Texas Instruments is a semiconductor manufacturing and technology company based in the United States. The company is ranked seventh on the list of dividend-paying technology stocks. Texas Instruments Incorporated is up 8.01 percent year to date and 18.3 percent in the last six months. The company is ranked sixth on the list of dividend-paying technology stocks. Cisco Systems, Inc. has increased by 28.16 percent over the last six months and by 33.87 percent year to date. Revenue was $13.13 billion, up 8% year over year and exceeding expectations by $86.74 million. For more details, click 10 Tech Stocks That Pay Dividends.
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