3 Cash-Rich Tech Stocks to Buy and Hold Forever

Today, we’re going to look at three tech stocks that you can buy now and forget about for the next decade, in large part because of their ability to generate and stash large piles of cash. Big war chests and high cash flow give these companies seemingly infinite options for game-changing acquisitions, as well as the ability to improve their dividends over time. These three stocks are poised to deliver double-digit total returns every year on average thanks to both growth stories and improving payouts. In no particular order …

First on the list is Apple Inc. (NASDAQ:AAPL). Apple’s dividend has grown each year since the tech giant brought its dividend back in 2012. Next on the list is Microsoft Corporation (NASDAQ:MSFT), which has staged an impressive turnaround under new CEO Satya Nadella.

Once tied to the fledgling PC market, the world’s largest software company has successfully carved out a position in the cloud and now competing head on with Amazon.com, Inc. (NASDAQ:AMZN). With a strong annual yield well above 3%, Cisco Systems, Inc. (NASDAQ:CSCO) completes our list of dividend tech stocks to buy.

While Cisco is no longer dominating tech as it did in the 1990s, more than 50% of Cisco’s equipment still powers traffic on the internet.

Source: InvestorPlace

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