MCHP - 3 Must-Have Dividend Stocks to Buy in May
2023-05-14 07:15:00 ET
Some of the best dividend stocks don't just offer a high annual yield. The best income-generating businesses have a knack for doling out rising dividends over time -- a key ingredient for stock market-beating returns, and more importantly, for helping investors reach future financial goals.
The world of tech isn't often looked to for dividend stocks, but perhaps it should be. Semiconductor businesses in particular have been growing for decades, and leaders in this space have been raising their shareholder payouts along the way. If you're looking for dividend stocks to buy in May, three Fool.com contributors think Qualcomm (NASDAQ: QCOM) , NXP Semiconductors (NASDAQ: NXPI) , and Microchip Technology (NASDAQ: MCHP) are worth a serious look.
Nicholas Rossolillo (Qualcomm): Mobile chip specialist Qualcomm is in the midst of a deep downturn in the smartphone market (specifically Android phones) that began the second half of 2022. The market for mobile chips isn't going to improve just yet, either.
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3 Must-Have Dividend Stocks to Buy in May