It's no secret that the technology sector has been a primary catalyst for the this year's bull market, but that means income investors-those focused on finding companies with solid dividends-might be feeling left out, as tech stocks aren't really known for their payouts.
However, dividend-yielding tech stocks do exist. In fact, dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener , the perfect one-stop screening tool for investors of all kinds.
By limiting our search to companies in our "Computer and Technology" sector with Zacks Rank #2 (Buy) or better rankings, we can ensure that we are finding the highest quality stocks to buy right now. Throw in your preferred dividend yield and voila-the best tech stocks for dividend investors to target!
Check a few of them out below:
Intel Corporation ( INTC )
After once again surpassing the Zacks Consensus Estimate in its most recent quarter, Intel Corporation (NASDAQ: INTC ) has seen a wave of positive earnings estimate revisions and is now a Zacks Rank #2 (Buy). The stock is also sporting "A" grades for Value, Momentum, and VGM-meaning its fundamental picture is solid. And most importantly for income investors, Intel pays out a respectable 3.14% dividend.
Vodafone Group Plc ( VOD )
Vodafone Group Plc (ADR) (NASDAQ: VOD ), the largest international mobile communications firm in the world, is currently a Zacks Rank #1 (Strong Buy). The stock currently has solid "B" grades for Value, Momentum, and VGM, and its earnings are expected to grow at a steady 6.21% over the next three to five years. The mobile behemoth also pays out a whopping 5.74% dividend, making it a very attractive pick for income investors.
Cypress Semiconductor Corporation ( CY )
Semiconductor manufacturers have been among the strongest stocks in the tech sector this year, and Cypress Semiconductor Corporation (NASDAQ: CY ) has been an exciting growth pick. For the full fiscal year, profits are expected to grow by over 258% on the back of 21% sales growth. Cypress also beat the Zacks Consensus Estimate by an impressive 31.25% last quarter, and a wave of ensuing positive estimate revisions have helped the stock earn a Zacks Rank #2 (Buy). Also, the company pays out an impressive 3.28% dividend.
Garmin Ltd. ( GRMN )
Navigation equipment and wearable technology maker Garmin Ltd. (NASDAQ: GRMN ) has surpassed earnings estimates in seven-straight quarters and is a Zacks Rank #2 (Buy) stock. The company also has a better-than-industry-average P/E ratio, making it attractive to some value-minded investors. But more importantly, Garmin currently pays out a 3.91% dividend, which is certainly enough to make it appealing for income investors.
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