In this article, we will be taking a look at 5 tech stocks that pay dividends. To read our detailed analysis of dividend investing, you can go directly to see the 10 Tech Stocks that Pay Dividends.
5. Intel Corporation (NASDAQ: INTC)
Number of Hedge Fund Holders: 78
Dividend Yield: 2.58%
Intel Corporation (NASDAQ: INTC), a US-based semiconductor company, is next on our list of tech stocks that pay dividends, and ranks 5th. The company is based in California.
This July, BMO Capital placed a $7o price target on shares of Intel Corporation (NASDAQ: INTC), while reiterating an Outperform rating on the stock.
In the second quarter of 2021, Intel Corporation (NASDAQ: INTC) had an EPS of $1.24, beating estimates by $0.19. The company’s revenue was $18.53 billion, beating estimates by $735.06 million. Intel Corporation (NASDAQ: INTC) has gained 8.69% in the past 6 months and 5.96% year to date.
By the end of the second quarter of 2021, 78 hedge funds out of the 873 tracked by Insider Monkey held stakes in Intel Corporation (NASDAQ: INTC) worth roughly $6.8 billion. This is compared to 83 hedge funds in the previous quarter with a total stake value of approximately $7.6 billion.
4. Watsco, Inc. (NYSE: WSO)
Number of Hedge Fund Holders: 26
Dividend Yield: 2.8%
Watsco, Inc. (NYSE: WSO) is the largest distributor of air conditioning, heating, and related equipment and products in the US. The company ranks 4th on our list of tech stocks that pay dividends and manufactures parts, components, and tools used in the HVAC/R industry.
Loop Capital has a Hold rating on shares of Watsco, Inc. (NYSE: WSO) as of this August, alongside a $300 price target.
In the second quarter of 2021, Watsco, Inc. (NYSE: WSO) had an EPS of $3.71, beating estimates by $0.65. The company’s revenue was $1.85 billion, up 36.47% year over year and beating estimates by $173.75 million. Watsco, Inc. (NYSE: WSO) has gained 11.07% in the past 6 months and 23.53% year to date.
By the end of the second quarter of 2021, 26 hedge funds out of the 873 tracked by Insider Monkey held stakes in Watsco, Inc. (NYSE: WSO) worth roughly $306 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $280 million.
3. HP Inc. (NYSE: HPQ)
Number of Hedge Fund Holders: 39
Dividend Yield: 2.68%
HP Inc. (NYSE: HPQ) is a computer hardware company based in the US and operating internationally to offer a range of electronic products and services, like laptops and computers. The company ranks 3rd on our list of tech stocks that pay dividends.
As of this August, Morgan Stanley holds an Equal Weight rating on shares of HP Inc. (NYSE: HPQ) alongside a price target of $31.
In the fiscal third quarter of 2021, HP Inc. (NYSE: HPQ) had an EPS of $1, beating estimates by $0.16. The company’s revenue was $15.29 billion, up 6.96% year over year but missing estimates by $626.38 million. HP Inc. (NYSE: HPQ) has gained 21.94% year to date and 50.38% in the past year.
By the end of the second quarter of 2021, 39 hedge funds out of the 873 tracked by Insider Monkey held stakes in HP Inc. (NYSE: HPQ) worth roughly $1.3 billion. This is compared to 43 hedge funds in the previous quarter with a total stake value of approximately $1.5 billion.
2. Hewlett Packard Enterprise Company (NYSE: HPE)
Number of Hedge Fund Holders: 34
Dividend Yield: 3.11%
Hewlett Packard Enterprise Company (NYSE: HPE), an American multinational software company, is next on our list of tech stocks that pay dividends, ranking 2nd. The company is based in Houston, Texas.
This July, Evercore ISI upgraded shares of Hewlett Packard Enterprise Company (NYSE: HPE) from In Line to Outperform. The firm also raised its price target on Hewlett Packard Enterprise Company (NYSE: HPE) shares from $16 to $20.
In the fiscal second quarter of 2021, Hewlett Packard Enterprise Company (NYSE: HPE) had an EPS of $0.46, beating estimates by $0.04. The company’s revenue was $6.7 billion, up 11.5% year over year and beating estimates by $85.27 million. Hewlett Packard Enterprise Company (NYSE: HPE) has gained 4.73% in the past 6 months and 32.15% year to date.
By the end of the second quarter of 2021, 34 hedge funds out of the 873 tracked by Insider Monkey held stakes in Hewlett Packard Enterprise Company (NYSE: HPE) worth roughly $1.01 billion. This is compared to 27 hedge funds in the previous quarter with a total stake value of approximately $1.07 billion.
1. International Business Machines Corporation (NYSE: IBM)
Number of Hedge Fund Holders: 41
Dividend Yield: 4.7%
International Business Machines Corporation (NYSE: IBM) is a computer hardware company based in New York and operating in over 171 countries. The company ranks 1st on our list of tech stocks that pay dividends.
Morgan Stanley raised its price target on shares of International Business Machines Corporation (NYSE: IBM) this July to $164. The firm also holds an Equal Weight rating on the stock.
In the second quarter of 2021, International Business Machines Corporation (NYSE: IBM) had an EPS of $2.33, beating estimates by $0.04. The company’s revenue was $18.75 billion, up 3.43% year over year and beating estimates by $447.5 million. International Business Machines Corporation (NYSE: IBM) has gained 15.12% in the past 6 months and 12.14% year to date.
By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in International Business Machines Corporation (NYSE: IBM) worth roughly $1.4 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $1.4 billion.
See also 15 Best Blue Chip Stocks To Buy Now and 22 Largest Family Owned Businesses.
