15 Tech Stocks With A Track Record Of Raising Dividends

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Compiled by Luis Gonzalez: The following is a list of tech stocks that have a track record of raising dividends more aggressively than their competitors over the last five years.

To control the quality of the list, we only focused on stocks with trailing twelve month payout ratios below 50% (to maximize the probability of finding companies that have the ability to keep paying their dividends).

If you're an income investor interested in the tech sector, this list might offer an interesting starting point.

Dividend yields, TTM payout ratios and industry comps sourced from Reuters, short float and performance data sourced from Finviz.

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The list has been sorted by dividend yield.

1. China Mobile Limited (CHL): Wireless Communications Industry. Market cap of $200.35B. Current dividend yield at 3.7% vs. industry average at 2.51%. Dividend growth rate over the past five years at 28.69% vs. industry average at 14.18%. TTM Payout Ratio at 43.02% vs. industry average at 27.88%. Short float at 0.2%, which implies a short ratio of 1.65 days. The stock has gained 8.28% over the last year.

2. Rogers Communications Inc. (RCI): Wireless Communications Industry. Market cap of $20.23B. Current dividend yield at 3.51% vs. industry average at 2.51%. Dividend growth rate over the past five years at 87.54% vs. industry average at 14.18%. TTM Payout Ratio at 48.64% vs. industry average at 27.88%. Short float at 4.34%, which implies a short ratio of 57.3 days. The stock has gained 18.29% over the last year.

3. Intel Corporation (INTC): Semiconductor Industry. Market cap of $116.86B. Current dividend yield at 3.44% vs. industry average at 0.27%. Dividend growth rate over the past five years at 14.51% vs. industry average at 1.24%. TTM Payout Ratio at 29.99% vs. industry average at 5.57%. Short float at 0.87%, which implies a short ratio of 0.89 days. The stock has gained 2.85% over the last year.

4. National Semiconductor Corporation (NSM): Semiconductor Industry. Market cap of $3.47B. Current dividend yield at 2.78% vs. industry average at 0.27%. Dividend growth rate over the past five years at 51.57% vs. industry average at 1.24%. TTM Payout Ratio at 26.65% vs. industry average at 5.57%. Short float at 4.96%, which implies a short ratio of 2.92 days. The stock has gained 3.83% over the last year.

5. Linear Technology Corp. (LLTC): Semiconductor Industry. Market cap of $7.86B. Current dividend yield at 2.75% vs. industry average at 0.27%. Dividend growth rate over the past five years at 20.11% vs. industry average at 1.24%. TTM Payout Ratio at 41.27% vs. industry average at 5.57%. Short float at 6.04%, which implies a short ratio of 5.14 days. The stock has gained 24.22% over the last year.

6. KLA-Tencor Corporation (KLAC): Semiconductor Industry. Market cap of $7.04B. Current dividend yield at 2.37% vs. industry average at 0.68%. Dividend growth rate over the past five years at 37.97% vs. industry average at -16.47%. TTM Payout Ratio at 34.27% vs. industry average at 13.93%. Short float at 2.53%, which implies a short ratio of 1.84 days. The stock has gained 28.88% over the last year.

7. Analog Devices Inc. (ADI): Semiconductor Industry. Market cap of $11.63B. Current dividend yield at 2.26% vs. industry average at 0.27%. Dividend growth rate over the past five years at 21.29% vs. industry average at 1.24%. TTM Payout Ratio at 35.21% vs. industry average at 5.57%. Short float at 3.24%, which implies a short ratio of 2.62 days. The stock has gained 37.81% over the last year.

8. Harris Corp. (HRS): Communication Equipment Industry. Market cap of $6.09B. Current dividend yield at 2.11% vs. industry average at 1.88%. Dividend growth rate over the past five years at 29.67% vs. industry average at 3.73%. TTM Payout Ratio at 18.98% vs. industry average at 40.39%. Short float at 3.91%, which implies a short ratio of 5.92 days. The stock has gained 2.59% over the last year.

9. Kyocera Corp. (KYO): Diversified Electronics Industry. Market cap of $18.47B. Current dividend yield at 2.06% vs. industry average at 1.25%. Dividend growth rate over the past five years at 8.45% vs. industry average at 5.66%. TTM Payout Ratio at 23.6% vs. industry average at 32.32%. Short float at 0.01%, which implies a short ratio of 1.14 days. The stock has gained 11.79% over the last year.

10. Xilinx Inc. (XLNX): Semiconductor Industry. Market cap of $8.1B. Current dividend yield at 2.05% vs. industry average at 0.27%. Dividend growth rate over the past five years at 24.57% vs. industry average at 1.24%. TTM Payout Ratio at 26.64% vs. industry average at 5.57%. Short float at 11.87%, which implies a short ratio of 4.85 days. The stock has gained 26.92% over the last year.

11. Applied Materials, Inc. (AMAT): Semiconductor Equipment & Materials Industry. Market cap of $20.B. Current dividend yield at 1.86% vs. industry average at 0.68%. Dividend growth rate over the past five years at 24.57% vs. industry average at -16.47%. TTM Payout Ratio at 38.5% vs. industry average at 13.93%. Short float at 1.62%, which implies a short ratio of 1.56 days. The stock has gained 13.4% over the last year.

12. International Business Machines Corp. (IBM): Diversified Computer Systems Industry. Market cap of $193.56B. Current dividend yield at 1.67% vs. industry average at 1.01%. Dividend growth rate over the past five years at 26.23% vs. industry average at 25.05%. TTM Payout Ratio at 21.29% vs. industry average at 26.51%. Short float at 1.09%, which implies a short ratio of 2.73 days. The stock has gained 23.08% over the last year.

13. Cohu, Inc. (COHU): Semiconductor Equipment & Materials Industry. Market cap of $365.93M. Current dividend yield at 1.57% vs. industry average at 0.68%. Dividend growth rate over the past five years at 3.71% vs. industry average at -16.47%. TTM Payout Ratio at 35.52% vs. industry average at 13.93%. Short float at 1.9%, which implies a short ratio of 4.47 days. The stock has gained 21.09% over the last year.

14. Texas Instruments Inc. (TXN): Semiconductor Industry. Market cap of $39.82B. Current dividend yield at 1.53% vs. industry average at 0.27%. Dividend growth rate over the past five years at 38.28% vs. industry average at 1.24%. TTM Payout Ratio at 19.93% vs. industry average at 5.57%. Short float at 2.91%, which implies a short ratio of 3.24 days. The stock has gained 42.9% over the last year.

15. Badger Meter Inc. (BMI): Scientific & Technical Instruments Industry. Market cap of $602.1M. Current dividend yield at 1.4% vs. industry average at 1.15%. Dividend growth rate over the past five years at 10.84% vs. industry average at 5.07%. TTM Payout Ratio at 27.29% vs. industry average at 31.12%. Short float at 10.83%, which implies a short ratio of 22.23 days. The stock has gained 5.78% over the last year.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks


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