5 Best Technology Dividend Aristocrats to Buy

In this article, we discuss 5 best technology dividend aristocrats to buy. If you want to read our detailed analysis of tech dividend stocks and their previous performance, go directly to read 10 Best Technology Dividend Aristocrats to Buy. 

5. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 91

Broadcom Inc. (NASDAQ:AVGO) is a multinational technology company that designs and develops a wide range of related products for its consumers. On March 8, the company declared a quarterly dividend of $5.25 per share, which was in line with its previous dividend. Its dividend growth streak spans over 13 years, which makes AVGO one of the best technology dividend aristocrats on our list. The stock’s dividend yield on April 22 came in at 1.73%.

The number of hedge funds in Insider Monkey’s database owning stakes in Broadcom Inc. (NASDAQ:AVGO) jumped to 91 in Q4 2023, from 87 in the previous quarter. These stakes are collectively valued at over $8.8 billion.

4. Oracle Corporation (NYSE:ORCL)

Number of Hedge Fund Holders: 100

Oracle Corporation (NYSE:ORCL) is a Texas-based computer software company that offers computer technology services and products. It is one of the best technology dividend aristocrats on our list as the company has been growing its dividends for the past eight consecutive years. It currently offers a quarterly dividend of $0.40 per share and has a dividend yield of 1.40%, as of April 22.

Oracle Corporation (NYSE:ORCL) was a popular stock among elite funds in Q4 2023 as hedge fund positions in the company grew to 100, from 88 in the previous quarter. The stakes owned by these hedge funds have a collective value of over $6.4 billion. With more than 18.5 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q4.

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is next on our list of the best technology dividend aristocrat stocks to buy. The leading multinational tech company pays a quarterly dividend of $0.24 per share and has a dividend yield of 0.58%, as of April 22. The company holds an 11-year track record of consistent dividend growth.

According to Insider Monkey’s database of Q4 2023, 131 hedge funds held stakes in Apple Inc. (NASDAQ:AAPL), down slightly from 134 in the previous quarter. These stakes have a total value of over $205.8 billion. Warren Buffett’s Berkshire Hathaway was the company’s largest stakeholder in Q4.

2. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 141

Mastercard Incorporated (NYSE:MA) is a New York-based credit card company that mainly offers payment processing services to its consumers worldwide. In the fourth quarter of 2023, the company distributed approximately $534 million to shareholders through dividends. Moreover, it has raised its dividends for 11 consecutive years, which makes MA one of the best technology dividend aristocrats on our list. The company’s quarterly dividend currently comes in at $0.66 per share for a dividend yield of 0.58%, as recorded on April 22.

As of the end of the fourth quarter of 2023, 141 hedge funds in Insider Monkey’s database reported holding stakes in Mastercard Incorporated (NYSE:MA), up from 140 in the previous quarter. These stakes are collectively valued at over $16.8 billion.

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 162

Visa Inc. (NYSE:V) tops our list of the best technology dividend aristocrat stocks to buy now. The American credit card service company has raised its dividend payouts for 15 years running and currently offers a quarterly dividend of $0.52 per share. In its fiscal Q1 of 2024, the company paid $4.4 billion to shareholders through dividends and share repurchases. As of April 22, the stock has a dividend yield of 0.77%.

As of the end of December 2023, 162 hedge funds held stakes in Visa Inc. (NYSE:V), compared with 167 in the previous quarter, as per Insider Monkey’s database. The consolidated value of these stakes is over $26.5 billion.

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