13 Best Technology Dividend Stocks to Invest in

3. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 161

Broadcom Inc. (NASDAQ:AVGO) ranks third on our list of the best dividend stocks from the tech sector. The American semiconductor company offers a wide range of semiconductor and infrastructure software products. In the first quarter of 2025, the company posted a revenue of $14.9 billion, marking a 24.7% increase compared to the same quarter a year earlier. This figure exceeded analysts’ expectations by $325.2 million. The company’s top-line growth and adjusted EBITDA were driven by strong momentum in its AI-focused semiconductor offerings and infrastructure software. Revenue from AI surged 77% year-over-year to $4.1 billion, while infrastructure software sales rose 47% to reach $6.7 billion.

Broadcom Inc. (NASDAQ:AVGO) also maintained a healthy cash position, generating more than $6.1 billion in operating cash flow. Free cash flow topped $6 billion, accounting for roughly 40% of total revenue. The company returned $2.77 billion to shareholders in the form of dividends during the quarter, reinforcing its shareholder-friendly approach. Currently, it offers a quarterly dividend of $0.59 per share and has a dividend yield of 1.37%, as of April 10.

The number of hedge funds tracked by Insider Monkey owning stakes in Broadcom Inc. (NASDAQ:AVGO) grew to 161 in Q4 2024, from 128 in the previous quarter. The collective value of these stakes is over $22 billion. With nearly 24 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.