Microsoft (MSFT) and Intel (INTC), "dividend stocks" is probably not the first thought to enter your mind. It wasn't that long ago that tech companies simply didn't pay dividends. Every penny earned was plowed back into the business. The entire focus was on growth, and investors were looking for capital gains.
Long-considered the domain of momentum or growth investors, many tech stocks have matured and begun paying a reasonable dividend. Granted, the tech sector hasn't garnered the same following from income investors as traditional higher-yielding sectors such as consumer defensive, healthcare and financial services. However, there are several valid tech options to consider that will pay us a growing income stream while diversifying our portfolios.
This week week, I screened my dividend growth stocks database for Technology companies with a yield at or above 2.5% and that have increased their dividends for at least 9 consecutive years. The results are presented below:
Microsoft Corporation (MSFT) the world's largest software company, develops PC software, including the Windows operating system and the Office application suite. The company has paid a cash dividend to shareholders every year since 2003 and has increased its dividend payments for 9 consecutive years. Yield: 2.7%
Intel Corporation (INTC) is the world's largest manufacturer of microprocessors, the central processing units of PCs, and also produces other semiconductor products. The company has paid a cash dividend to shareholders every year since 1992 and has increased its dividend payments for 9 consecutive years. Yield: 3.2%
Linear Technology Corp. (LLTC) manufactures high-performance linear integrated circuits. The company has paid a cash dividend to shareholders every year since 1992 and has increased its dividend payments for 19 consecutive years. Yield: 3.4%
Harris Corporation (HRS) focuses on communications equipment for voice, data and video applications for commercial and governmental customers. The company has paid a cash dividend to shareholders every year since 1941 and has increased its dividend payments for 11 consecutive years. Yield: 3.4%
Watsco, Inc. (WSO)is the largest U.S. distributor of air-conditioning, heating and refrigeration equipment, and related products. The company has paid a cash dividend to shareholders every year since 1984 and has increased its dividend payments for 11 consecutive years. Yield: 3.6%
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 30 columns of information on the 210+ 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: Long MSFT, INTC. See a list of all my dividend growth holdings here.
- Are You Patient Enough To Be Wealthy? These 12 Dividend Stocks Will Help You Wait
- 10 Dividend Stocks For Healthy and Wealthy Retirement
- 15 Dividend Stocks With A 15% Yield In 15 Years-
- 6 Healthcare Dividend Stocks For A Healthy Portfolio
- 11 Low-Debt, Higher-Yielding Dividend Stocks
Tags: [MSFT] [INTC] [LLTC] [WSO] [HRS]
Popular Posts - Last 7 days
Over the last 12-18 months, there have been several prognosticators saying dividend stocks are extremely over valued. In many cases, I woul...
It is a well-documented fact that a significant portion of the historical equity returns are a result of reinvested dividends. In Triumph of...
There are only few things in life that I consider myself an expert in , but when it comes to making investing mistakes I have earned several...
Linked here is a detailed quantitative analysis of International Business Machines Corp. (IBM). Below are some highlights from the above li...
Linked here is a detailed quantitative analysis of Duke Energy (DUK). Below are some highlights from the above linked analysis: Company D...
Each weekend I highlight any notable articles that I came across over the past week. Though I may not always agree with each of the articles...
Presented below are are my Dividend Growth Stocks portfolio holdings. This is not a recommendation to buy these securities. I have classifi...
In an utopian world, the perfect dividend stock would be one that is both high-yield and provide a high dividend growth rate. Its share pri...
Linked here is a detailed quantitative analysis of The Clorox Company (CLX). Below are some highlights from the above linked analysis: Co...
As mentioned in previous articles, I love inspirational (and other) quotes . I see quotes as a portal to someone’s inner self. They reveal m...