3 tech stocks with a history of stable dividends
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Tech stocks with long track records of dividends are especially attractive for those looking for both growth and stable income. Here we look at three tech companies known for their stable dividends and solid financial positions: International Business Machines, Hewlett Packard Enterprise, and Cisco Systems.
International Business Machines
International Business Machines Corporation (NYSE:IBM) offers comprehensive solutions and services worldwide, divided into software, consulting, infrastructure and financing. The software division provides hybrid cloud and AI platforms to help clients with their digital transformation. Consulting focuses on integrating strategy and operational technology. The infrastructure division provides both cloud-based and on-premise server and storage solutions, and the financing division helps clients acquire IBM products and services.
IBM has increased its dividend for 28 consecutive years, and its most recent increase in April brought its quarterly dividend to $1.67 per share, or $6.68 per year, for a yield of 3.95%.
For the past year, IBM reported revenue of $62 billion and net income of $8.18 billion.
Hewlett Packard Enterprise
Hewlett Packard Enterprise Company (NYSE:HPE) provides data-centric solutions worldwide to help customers effectively manage and harness their data. With operations across computing, HPC and AI, storage, intelligent edge and financial services, HPE supports a variety of IT needs, from cloud services to data analytics.
HPE has been paying dividends for 10 years. The company pays a regular dividend of $0.13 per share, or $0.52 per year, for a yield of 2.49%.
The company's shares have risen 24% since the start of the year as EPS has steadily beaten expectations. Over the past 12 months, HPE generated revenue of $28.3 billion and net income of $1.8 billion.
Cisco Systems
Cisco Systems, Inc. (NASDAQ:CSCO) is a leading global network and IT solutions provider offering switching, enterprise routing, wireless access and computing systems products.
Cisco has paid a consistent dividend for 14 years and has increased it for 13 consecutive years. In February, Cisco raised its quarterly dividend by 2.6% to $0.40 per share, or $1.60 annually, for a yield of 3.51%.
Cisco reported revenue of $55.3 billion and net income of $12.1 billion for the past year.
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This article, “3 Tech Stocks With a History of Stable Dividends” originally appeared on Benzinga.com.
