Tech Stocks Now Dividend Leaders

Technology stocks have gone old school: They now pay more in dividends than any other sector of the S&P 500. Technology stocks now account for 14.22% of the dividends paid out by members of the Standard & Poor's 500-stock index, says Howard Silverblatt, senior index analyst for S&P. Tech dividends were just 5.95% of the dividends paid out in 2007.

"The takeaway: Tech is a payer," Silverblatt says. And how: The tech members of the S&P 500 paid out $40.7 billion in dividends so far this year, vs. $19 billion for utilities. One reason for the move to dividends: tons of cash. As of June, for example, Apple had $27.7 billion in cash. That's more than the market capitalization of 391 members of the S&P 500, according to S&P Capital IQ.

Source: NewsFactor

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