3 Tech Stocks to Buy for Extraordinary Dividends

Technology stocks and dividends go together like ice cream and chopped liver, which is to say they don’t, although there are always exceptions. This is because technology companies generally focus on growth. The saying in the industry is that if they’re paying you to own their stock then they don’t have anything better to do with the money. Growth is expensive, and it pays to invest ahead of it, whether that is in equipment or in people. But, as with haggis ice cream, there are exceptions. Then there are exceptions within the exceptions, technology companies where the yield is truly extraordinary, because valuations have been beaten down. The careful dividend shoppers can find some great deals in this bargain bin...

Tech Stocks With Extraordinary Dividends: One key to successful dividend investing is to look for stocks that have been beaten down by events with heavy short-term repercussions, but with long-term income potential. Traders who seek capital gains will abandon a stock that has just paid a heavy price for an income stream, but dividend investors are looking for income streams that can be made profitable. CenturyLink Inc (NYSE:CTL) is an example of this. If you only keep up with the news occasionally you may be scratching your head saying, Nokia Corp. (ADR) (NYSE:NOK)? Nokia kept the equipment business, which makes things like the base stations phone companies use to move those signals along to their destinations. Seagate Technology Plc (NASDAQ:STX) is one of only two remaining makers of hard disk drives in the market, the other being Western Digital. The company’s market cap is $11.8 billion. The yield on the 63-cent-per-share dividend is a whopping 6.4%.

Source: InvestorPlace

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