2022 saw tech stocks get pummeled by the broad deleveraging in financial markets triggered by the Federal Reserve’s aggressive fight against inflation. Investors are now a lot wearier about piling money into ultra-speculative plays, especially as concerns about recession continue to mount. Our latest reaffirmation in the Best Technology Dividend Stocks List is an established hardware and digital communications company primarily serving the enterprise market. Our pick pays a respectable dividend that should provide shareholders with a sense of stability as they navigate an uncertain financial outlook. Investors have until Tuesday, April 4, to capitalize on the strategy and earn the next regular quarterly payable dividend of $0.39 per share.
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
With solid financial results, positive 2023 guidance and stable demand across core business segments, our pick makes a reliable addition to income investors’ portfolios. Additionally, our pick yields above 3%, more than double the technology sector’s average dividend yield.
