OLED - 3 No-Brainer Dividend Stocks to Buy Now and Hold Forever

2024-01-28 15:11:00 ET

Finding stocks that not only promise growth but also offer consistent dividends isn't always easy, especially in the growth-oriented tech sector. However, a few generous dividend payers stand out as great income investments right now. Three Fool.com tech writers are here to share their best dividend ideas right now.

Read on to get the deep-dive dividend details on Qualcomm (NASDAQ: QCOM) , Universal Display (NASDAQ: OLED) , and Microchip Technology (NASDAQ: MCHP) . Each one offers a tantalizing blend of technology leadership, potential for long-term business growth, and a solid history of dividend growth.

Nicholas Rossolillo (Qualcomm): By now, you've probably heard that the semiconductor industry has been in a deep slump since the second half of 2022, led downward by consumer electronics. Qualcomm, a leader in mobile chips and the underlying technology that enables mobile devices, has taken it on the chin. Revenue fell 19% in fiscal year 2023 (which ended in September 2023), including a 24% year-over-year dive in sales in the final months of the fiscal period.

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