5 Best Technology Dividend Stocks to Buy

3. Hewlett Packard Enterprise Company (NYSE:HPE)

HPE is a high-dividend stock which is trading at an attractive valuation. The stock has a dividend yield of 3.34% and a PE ratio of 5.15 as of October 29. The company recently lowered its earnings estimate for 2023 at its analyst day. However, the company still expects the demand to remain strong. Stifel analyst Matthew Sheerin noted that HPE forecast included compound annual growth rates between 2% and 4% and flat adjusted earnings. Foreign currency headwinds is the main reason HPE is suffering. Sheerin said that the management of the company “expects the positive mix shift to software and services, as well as successful cost-cutting measures, to contribute to margin growth exceeding revenue growth.”

As of the end of the second quarter, 37 hedge funds tracked by Insider Monkey had stakes in the company, compared to 43 funds in the previous quarter.

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