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For investors looking for a combination of growth and stable income, tech stocks with a track record of consistent dividend payments are especially attractive. In this article, we look at three companies that perfectly embody these characteristics: Texas Instruments, Avnet, and Cognizant.
Texas Instruments
Texas Instruments Incorporated (NASDAQ:TXN) is a global leader in the semiconductor industry that designs, manufactures, tests and sells analog and embedded processing chips for a wide variety of markets, including industrial, automotive, personal electronics, communications equipment and enterprise systems.
The company has raised its dividend for 20 consecutive years and currently pays $1.30 per share in quarterly dividends, or $5.20 per share annually. It’s 2.66%.
Over the past 12 months, Texas Instruments generated revenue of $16.8 billion and net income of $5.9 billion.
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Avnet
Avnet, Inc. (NASDAQ:AVT) sells electronic components and operates through two divisions: Electronic Components, which sells semiconductors and electromechanical components, and Farnell, which provides kits, tools, and industrial automation parts to engineers and entrepreneurs.
Avnet has paid dividends for 12 consecutive years, with 11 years of increased dividends. The company pays quarterly dividends of $0.31 per share, or $1.24 per share for the year. 2.37%.
Over the past 12 months, Avnet generated revenue of $24.7 billion and net income of $571.3 million.
recognition
Cognizant (NASDAQ:CTSH) is a leading global provider of consulting, technology and outsourcing services that operates through four segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology.
Cognizant has raised its dividend for four consecutive years, paying a quarterly dividend of $0.30 per share, or $1.20 per share annually. Yield 1.76%.
Over the past 12 months, Cognizant generated revenue of $19.3 billion and net income of $2.09 billion.
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This article, “Looking for Yield? Top Tech Stocks with Dividends” originally appeared on Benzinga.com.
