IBM - 3 Dividend-Paying Tech Stocks to Buy in December
2023-12-04 09:53:00 ET
Dividend investors tend not to think about tech stocks when seeking income. Many emerging tech plays forgo dividend payments to invest in growth. Also, even when they pay dividends, they tend to have dividend yields below the S&P 500 average of 1.5%.
Nonetheless, some long-time tech companies have matured and followed the lead of their non-tech counterparts by offering a payout. Not only do these stocks offer generous dividends, but they also tend to hike payouts annually. Such conditions make tech-oriented dividend stocks like International Business Machines (NYSE: IBM) , Corning (NYSE: GLW) , and Texas Instruments (TI) (NASDAQ: TXN) excellent choices for income investors.
IBM has more closely resembled non-tech industries when it comes to dividend payments. It has offered payouts since 1916, and in 2023 it hiked its payout for the 28th straight year. That raises the annual dividend to $6.64 per share, taking the dividend yield to about 4.2%.
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3 Dividend-Paying Tech Stocks to Buy in December