Stocks

3 Dividend-Paying Tech Stocks to Invest In

Published January 28, 2024

Investors seeking both appreciating stock values and steady dividend income might consider adding certain tech giants to their portfolios. Stocks that offer the potential for stock appreciation coupled with reliable dividends can be an attractive option for investors looking to balance growth and income. Among the myriad of options in the tech sector, two stand out for their consistent performance and dividend payouts: MSFT and AAPL.

Microsoft Corporation MSFT

With its headquarters in the United States, MSFT is a cornerstone of the technology industry. Recognized for its extensive range of products, including computer software, consumer electronics, personal computers, and services, Microsoft has cemented its reputation as a leader in the field. MSFT's notable software includes the ubiquitous Microsoft Windows operating systems, the essential Microsoft Office suite, as well as popular web browsers Internet Explorer and Edge. The company's hardware achievements are exemplified by the Xbox gaming consoles and the Microsoft Surface series of touchscreen computers. In Fortune 500's 2020 rankings, Microsoft landed at No. 21 for U.S. corporations based on total revenue. As of 2016, it was the world's premier software maker by revenue. Classified as part of the Big Five in the U.S. information technology industry, MSFT is a heavy hitter alongside the likes of Google, Apple, Amazon, and Facebook.

Apple Inc. AAPL

The landscape of global technology is dominated by the presence of Apple Inc., denoted by its ticker AAPL. This American multinational excels in fields such as consumer electronics, computer software, and various online services. In 2020, Apple's revenues reached a zenith, marking it as the planet's most prosperous technology entity. By January 2021, Apple also claimed the title of the world's most valuable company. Moreover, as of 2021, Apple stands as the fourth-largest PC distributor globally by units sold and maintains a similar rank in the smartphone manufacturing sector. Among the prominent Big Five American information technology companies—which include Amazon, Google, Microsoft, and Facebook—Apple holds a definitive place.

For the investor, these leading tech companies could provide a solid foundation for a dynamic portfolio that harnesses the benefits of growth and steady income through dividends. Their widespread influence, innovation, and financial robustness offer a compelling case for investment consideration.

Investment, Tech, Dividends