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5 Must-Own, High-Yield Tech Dividend Stocks

Posted On March 20, 2018 2:40 pm
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Tech Dividend Stocks, No. 3: Espey Manufacturing & Electronics Corp.

Serving the Pentagon, Espey Manufacturing & Electronics Corp. (NYSE: ESP) provides a broad cross section of battle-ready products and services, including power supplies, converters, filters, transformers, and distribution equipment.

With a 62% sales rise in the most recent six-month period – before the upturn in defense spending – the company is poised to boost its payout.

The dividend rate is 3.7%, and the stock trades at $26 per share.

Tech Dividend Stocks, No. 2: Qualcomm Inc.

No wonder Broadcom Ltd. (Nasdaq: AVGO) keeps trying to buy it. Qualcomm Inc. (Nasdaq: QCOM) is no doubt the premier R&D firm in the wireless equipment sector, with its broad range of cutting-edge chips and solid royalty revenue from licensing its patents.

The company has been able to grow its dividend a robust 19% per year over the past five years.

Look for its new, energy efficient Snapdragon chips to find broad adoption in a range of devices, including Android and Windows phones, netbooks, car dashboards, wearable devices, and more.

The dividend rate is 3.7%, and the stock trades at $60 per share.

Tech Dividend Stocks, No. 1: Garmin Ltd.

Long the leader in global-positioning systems (GPS) navigation, Garmin Ltd. (Nasdaq: GRMN) is everywhere you are, from your car to your phone. But Garmin’s GPS leadership extends to the aerospace, marine, fitness, and defense markets, as well.

While Garmin’s dividend has been frozen at $2.04 a share in the past few years, management pledges to start growing those dividend payouts in 2018 and beyond.

The dividend yield is 3.4%, and the stock trades near $60 per share.

*This has been a guest post by Money Morning*

Related: This Tech is the Key to American Steel – And a Great Investment for You

 

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