Top Dividend Stocks: 3 Technology Names For 2017

Technology companies are usually not the ones which make it onto the list of top dividend stocks. In fact, investors who have more of an appetite for risk pick technology companies to capture the upside potential they offer as they develop the latest gadgets and technologies for the Internet economy. Another reason why technology companies aren’t famous for paying top dividends is that they operate in a highly competitive industry where they have to deploy a lot of cash to invest in innovations to stay in the game.

I’ve shortlisted the following technology companies with a solid track record of growing dividends each quarter and rewarding their investors who believed in their business models and their ability to ward off the competitive pressures. Microsoft Corporation (NASDAQ:MSFT) stock, with a dividend yield of 2.7% may not look too enticing to you. However, it’s one of the few establish tech giants which has constantly been returning cash to investors, both by regular dividend payments and through buying back its shares. Intel Corporation (NASDAQ:INTC) stock is another top dividend-paying stock in my recommended portfolio. On top of healthy capital gains, Intel pays an approximate three-percent dividend yield, which is a very competitive return when compared with alternative investments in this low rate environment. Cisco Systems, Inc. (NASDAQ:CSCO) is making switches and routers that actually make it possible for big companies to build huge communication networks. And Cisco has been doing this for the past three decades without making much of the noise you hear from the big tech names these days.

Source: Income Investor

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