5 Best Technology Dividend Stocks to Buy

In this article, we discuss 5 best technology dividend stocks to buy. If you want our detailed analysis of these stocks, go directly to 10 Best Technology Dividend Stocks To Buy. 

5. Corning Incorporated (NYSE:GLW)

New York-based Corning is a notable tech company as it specializes in specialty glass, ceramics, and related materials and technologies. The stock has a dividend yield of 3.3% as of October 29. While the stock is under pressure after the company lowered its guidance amid slowing spending in the display glass segment, analysts are hopeful about the stock’s long-term growth prospects, especially the automobile and optical communications segments. Corning has 5-year dividend CAGR of 12% and 11 years of consecutive dividend growth.

As of the end of the second quarter, 34 hedge funds tracked by Insider Monkey had stakes in the company as of the end of June, compared to 43 funds in the previous quarter.

4. International Business Machines Corporation (NYSE:IBM)

Despite the tech downturn, IBM has made a strong comeback in 2022, gaining 15% over the past 12 months and 1.8% year to date, as of October end. This performance looks exceptional when we look at the bloodbath in the market that battered even the most stable tech stocks. Top that with over 25 years of consistent dividend growth history, you are looking at a stock that is more than attractive in the current environment.

What’s more, the company recently posted strong quarterly results and gave a bullish forecast, beating the Wall Street that has heard nothing but bad news this year. Bank of America analyst Wamsi Mohan said that the latest numbers from IBM show that the company’s turnaround will continue.

As of the end of the second quarter this year, 40 hedge funds tracked by Insider Monkey had stakes in IBM. Ken Griffin’s Citadel Investment Group owned $421 million worth of CALL options on the stock as of the end of June.

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.

2. Intel Corporation (NASDAQ:INTC)

Intel stock is rebounding and has gained as much as 10% over the past 30 days as of October 29 after the company announced strong earnings and its plans to cut costs. Intel has been paying dividends for 28 years now and raised its dividends consistently for the last 7 years.

Al Gore’s Generation Investment Management is the biggest stakeholder in the company with a stake worth $553 million, as of the end of the second quarter.

1. TTEC Holdings, Inc. (NASDAQ:TTEC)

TTEC Holdings Inc (NASDAQ:TTEC) is a Colorado-based customer experience technology company that has a dividend yield of 2.3% as of October 29. In September this year, TTEC Holdings, Inc. (TTEC) said it will hike its semi-annual dividend by another 4% to 52 cents per share. The company has upped its dividend for 7 consecutive years.

You can also take a look at 14 Best Growth Stocks To Buy and 12 Best Financial Dividend Stocks To Invest In.

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