10 Technology Dividend Stocks with Over 4% Yield

Published February 14, 2022 at 4:52 pm EST Updated September 7, 2026 at 1:54 pm EDT

In this article, we discuss 10 technology dividend stocks with over 4% yield.

As a result of the COVID-19 pandemic, the world shifted towards a digital age that is here to stay in 2022 and beyond. Online education, remote work, and virtual meetings have familiarized most people with technology, which means that the shift to more advanced tech such as quantum computing, nanotechnology, multicore, photonics, machine learning, computational biology and bioinformatics, and medical robotics will make for an easier transition.

The software and cloud services industry is profiting from workflow modernization. Public cloud is forecasted to continue its solid growth since it offers increased efficiency for a continuously evolving workforce that becomes more decentralized every day. As the shift from on-premises to online becomes the norm, organizations will focus on new tech-driven business strategies, with consequent developments in data management, fintech, and cybersecurity.

According to Forrester, tech budgets in the United States will expand by 7.4% in 2021 and 6.7% in 2022. Tech outsourcing, consultancy services, computer and communications equipment, and software will see increased demand, with spending growth accelerating to almost 10% in 2021 and just over 11% in 2022.

The technology sector, despite being one of the leading components of the S&P 500 Index, does not pay attractive dividends. Many dividend investors do not prefer technology dividend stocks due to their high volatility. Most tech companies prefer to reinvest cash into their businesses rather than paying dividends.

Most tech investors invest in companies like Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Intel Corporation (NASDAQ:INTC) for long-term stock price gains. However, in this article, we will mention some of the tech stocks with decent dividend yields.

10 Technology Dividend Stocks with Over 4% Yield

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Our Methodology

We screened for technology stocks offering a dividend yield of more than 4%, ensuring that the selected companies have long term growth catalysts and strong fundamentals. These stocks are also popular among the 867 hedge funds tracked by Insider Monkey.

We have ranked the companies in the ascending order, according to the respective dividend yields.

Technology Dividend Stocks with Over 4% Yield

10. Micro Focus International plc (NYSE:MFGP)

Dividend Yield as of February 11: 4.87%

Number of Hedge Fund Holders: 5

Micro Focus International plc (NYSE:MFGP) is a multinational software company headquartered in Newbury, England, offering enterprise application integration, management software, and IT consulting.

According to Insider Monkey’s Q3 data, 5 hedge funds were long Micro Focus International plc (NYSE:MFGP), holding stakes worth $9.79 million, as compared to 7 funds in the preceding quarter, with a total stake value of $13.4 million.

Micro Focus International plc (NYSE:MFGP) paid a per share dividend of $0.088 or 6.42 pence on August 6, and offers a dividend yield of 4.87% as of February 11, making it one of the best tech stocks to purchase if income investors are looking to diversify their portfolio.

Investec analyst Julian Yates upgraded Micro Focus International plc (NYSE:MFGP) to Hold from Sell with a £400 price target on November 18.

VIEX Capital Advisors, the largest Micro Focus International plc (NYSE:MFGP) stakeholder, increased its stake in the company by 1441% in the third quarter, owning over 1 million shares worth $5.78 million.

Like Apple Inc., Microsoft Corporation, and Intel Corporation, Micro Focus International plc (NYSE:MFGP) is a notable technology dividend stock to purchase.

9. International Business Machines Corporation (NYSE:IBM)

Dividend Yield as of February 11: 4.94%

Number of Hedge Fund Holders: 41

International Business Machines Corporation (NYSE:IBM) is a multinational technology corporation that operates in more than 171 countries, offering multiple products and services like computer hardware and software, hosting services, IT consultancy, nanotechnology, and cloud services, among others.

International Business Machines Corporation offers a dividend yield of 4.94%, making it one of the best technology dividend stocks to buy now. On October 20, International Business Machines Corporation reported its Q3 results. The company announced earnings per share of $2.52, beating estimates by $0.01.

Credit Suisse analyst Sami Badri assumed coverage of International Business Machines Corporation on December 7 with an Outperform rating and an unchanged price target of $164.29.

According to Insider Monkey’s Q3 data, 41 hedge funds were long International Business Machines Corporation, with total stakes equaling $1.40 billion. Arrowstreet Capital is one of the leading company stakeholders, with 2.30 million shares worth $320.77 million.

8. Iron Mountain Incorporated (NYSE:IRM)

Dividend Yield as of February 11: 5.57%

Number of Hedge Fund Holders: 21

Iron Mountain Incorporated (NYSE:IRM) is an enterprise information management company from Massachusetts, offering services including information storage, information destruction, data backup, and data recovery to clients across 58 countries.

Iron Mountain Incorporated announced earnings for the third quarter on November 4, posting an EPS of $0.40, in line with analysts’ consensus estimates. The revenue gained 9.02% from the preceding year quarter, totaling $1.13 billion, but missed estimates by $143,170.

Iron Mountain announced on December 10 that it has entered into a definitive agreement to acquire ITRenew, a data center lifecycle management solutions company for $725 million in cash, and 20% of the outstanding shares will be acquired within three years of closing for a minimum enterprise value of $925 million. Following the finalization of the transaction in Q1 2021, ITRenew will create the platform for Iron Mountain Incorporated’s Global IT Asset Lifecycle Management business.

A total of 21 hedge funds in the Q3 database of Insider Monkey were long Iron Mountain Incorporated, down from 25 funds in the preceding quarter. Adage Capital Management is the leading company stakeholder, with 300,352 shares worth over $13 million.

7. Autoscope Technologies Corporation (NASDAQ:AATC)

Dividend Yield as of February 11: 6.51%

Number of Hedge Fund Holders: 2

Autoscope Technologies Corporation (NASDAQ:AATC), via its primary subsidiary named Image Sensing Systems, produces technology products for advanced traffic management systems, traffic data collection applications, and related markets. The company’s aim is to enhance road safety by offering reliable data through cutting-edge technologies, applications, and solutions.

Autoscope Technologies Corporation announced its Q3 results on November 15. The company posted GAAP earnings per share of $0.11, beating estimates by $0.02. The $3.27 million revenue was down 12.8% year-over-year.

A $0.12 per share quarterly dividend was announced by Autoscope Technologies Corporation on November 15, which was paid on November 25 to shareholders of record on November 22. With a yield of 6.51%, Autoscope Technologies Corporation is one of the best technology dividend stocks to hold.

According to Insider Monkey’s Q3 data, 2 hedge funds reported owning stakes in Autoscope Technologies Corporation, worth almost $2.5 million. This is compared to the same number of funds in the preceding quarter, with total stakes valued at $2.41 million.

6. BlackRock Science and Technology Trust (NYSE:BST)

Dividend Yield as of February 11: 6.81%

Number of Hedge Fund Holders: 2

BlackRock Science and Technology Trust (NYSE:BST) is one of the high yielding tech stocks to look out for, offering a 6.81% dividend yield as of February 11. BlackRock Science and Technology Trust is a close-ended investment management trust, with around 80% of its investments focused on the US and international technology companies. Securities are selected from the software, information technology services, entertainment, healthcare technology, telecommunications, banking, and communications sectors.

BlackRock Science & Technology Trust declared a $0.25 per share monthly dividend on December 15, payable on December 31 to shareholders of record on December 16. The dividend was increased by BlackRock Science & Technology Trust in October by 10.6%, from $0.226 per share to $0.25 per share.

Insider Monkey’s database suggests that 2 hedge funds were bullish on BlackRock Science & Technology Trust in the third quarter, holding stakes worth $10.2 million.

5. NVE Corporation (NASDAQ:NVEC)

Dividend Yield as of February 11: 7.15%

Number of Hedge Fund Holders: 7

NVE Corporation (NASDAQ:NVEC) is a company that leverages spintronics, a nanotechnology that NVE Corporation helped create, which uses electron spin rather than electron charge to acquire, store, and transmit information. NVE Corporation designs and develops high-performance spintronic products, including sensors and couplers, that are used for transmitting data. The company has also licensed its spintronic magnetoresistive random access memory technology, commonly known as MRAM.

NVE Corporation posted its financial results on October 21 for Q2 FY22, announcing that total revenue for the period increased 56% to $6.82 million, up from $4.38 million in the prior-year quarter. The higher revenue was the result of a 59% increase in product sales. Net income over the period jumped 64% to $3.65 million, or $0.75 per share, which is an increase from $2.22 million, or $0.46 per share, from the preceding-year quarter.

The largest NVE Corporation stakeholder from Q3 2021 is Royce & Associates, increasing its stake in the company by 6% as of September, holding 450,561 shares worth $28.8 million. Overall, 7 hedge funds in the third quarter database of Insider Monkey reported owning stakes worth $51.95 million in NVE Corporation.

In addition to Apple Inc., Microsoft Corporation, and Intel Corporation, elite funds are steadily piling into NVE Corporation.

4. MIND C.T.I. Ltd (NASDAQ:MNDO)

Dividend Yield as of February 11: 8.50%

Number of Hedge Fund Holders: 2

MIND C.T.I. Ltd (NASDAQ:MNDO) is an Israel-based software company offering solutions such as accounting software, telecom billing, cloud services, managed services, and IT consultancy. MIND C.T.I. Ltd is one of the top dividend tech stocks, delivering a yield of 8.50%.

MIND C.T.I. Ltd reported Q3 results on November 8, posting a GAAP EPS of $0.07. Revenue over the period increased 18.6% from the preceding year quarter, equaling $7 million.

Jim Simons Renaissance Technologies owns 49,642 MIND C.T.I. Ltd shares in Q3 2021, worth $156,000. Billionaire Israel Englander’s Millennium Management is another stakeholder of the company, owning a $37,000 position.

3. Lumen Technologies, Inc. (NYSE:LUMN)

Dividend Yield as of February 11: 9.91%

Number of Hedge Fund Holders: 25

Lumen Technologies, Inc. (NYSE:LUMN) is an American telecommunications company, headquartered in Louisiana, specializing in network services, cloud security, managed services, big data as a service, multi-cloud management, SaaS apps, cloud connect, internet, phone, and television. Offering a yield of 9.91%, Lumen Technologies, Inc. is one of the top technology dividend stocks to invest in.

In the third quarter earnings report, published on November 3, Lumen Technologies, Inc. announced earnings per share of $0.49, beating estimates by $0.12. The $4.89 billion revenue was down 5.42% on a year-over-year basis, missing estimates by $16.29 million.

According to a report on December 9, The U.S. Army Reserve Command recently selected Lumen Technologies, Inc. to provide VPN services, including remote access solutions, to more than 650 army reserve locations across the country. The 11-year task order is worth $23 million and was awarded under the General Services Administration’s 15-year, $50 billion Enterprise Infrastructure Solutions program.

On November 4, Citi analyst Michael Rollins upgraded Lumen Technologies, Inc. to Neutral from Sell with a $13 price target following the Q3 results. Lumen Technologies, Inc. surprised with its revised capital allocation plan, and the analyst believes that maintaining the dividend combined with the accelerated repurchase of 7.5% of the outstanding-shares “are likely to support the stock.”

As of Q3 2021, 25 hedge funds in the third quarter database of Insider Monkey were bullish on Lumen Technologies, Inc., down from 33 funds in the preceding quarter. Knoll Capital Management holds a $1.2 million stake in the company as of September.

Here is what Longleaf Partners Fund has to say about Lumen Technologies, Inc. in its Q3 2021 investor letter:

“The best news and the biggest market reaction surprise in the quarter was at our largest holding Lumen. After much engagement with Southeastern following our amended 13D filed last December, the company announced that it was selling two assets – the slowest growth part of its legacy copper landline business in 21 states in the US and the Latin American (therefore highest discount rate / lowest multiple) part of its enterprise fiber business. At a time when the company was trading at 5.5x EBITDA (earnings before interest, taxes, depreciation and amortization) for all its assets, it sold the legacy landline assets (i.e., the lowest multiple part of its lowest multiple business) for that same 5.5x and the Latin American assets (i.e., the lowest multiple part of its higher multiple business) for 9x. The absolute amount of gross proceeds was almost equal to the company’s market cap. We believe the remaining legacy assets are worth greater than 5.5x and the remaining fiber/enterprise assets are worth greater than 9x, especially because infrastructure funds have recently paid mid teens multiples for similar fiber assets. Thus, we now have a higher quality, higher growth, lower leverage mix of assets at Lumen. But when this news was announced, Lumen’s stock price initially went down, due to weak communications around future growth and capital allocation on the conference call. This communication failure can be fixed much more easily than a business failure, and we were encouraged that the company authorized a share repurchase to take advantage of the market’s short-term misunderstanding. The stock price stabilized and increased as the quarter went on (although two annoyingly-timed, negative sell side reports hit the stock on September 30), but there is still an enormous gap between price and (growing) value.”

2. Gilat Satellite Networks Ltd. (NASDAQ:GILT)

Dividend Yield as of February 11: 12.07%

Number of Hedge Fund Holders: 10

Gilat Satellite Networks Ltd. (NASDAQ:GILT) is a company from Israel providing satellite-based broadband communications, using a cloud-based VSAT network platform, high-speed modems, high performance on-the-move antennas, and high efficiency, high-power solid state amplifiers, among other cutting-edge technologies. Gilat Satellite Networks Ltd. assists with in-flight connectivity, land mobility, cellular backhaul, broadband access, enterprise communications, and defense and public safety applications across 90 countries.

In October and November, Gilat Satellite Networks Ltd. signed contracts for mobile network expansion and cellular backhaul services in North America, Asia, and Africa. In addition to that, Gilat Satellite Networks Ltd. announced on November 30 a follow-on order of over $5 million from a Tier-1 US global military terminal provider for solid state power amplifiers, used for satellite communication by militaries throughout the world.

In the Q3 results announced on November 9, Gilat Satellite Networks Ltd. posted earnings per share of $0.01, exceeding estimates by $0.02. The $49.91 million revenue missed estimates by $11.91 million. The company offers a dividend yield of 12.07%.

Of the 10 hedge funds that were bullish on Gilat Satellite Networks Ltd. in the third quarter, Frank Fu’s CaaS Capital is one of the leading company stakeholders. Gilat Satellite Networks Ltd. is a new addition in CaaS Capital’s Q3 portfolio, with the hedge fund buying 668,139 shares of Gilat Satellite Networks Ltd., worth $6 million.

1. QIWI plc (NASDAQ:QIWI)

Dividend Yield as of February 11: 15.72%

Number of Hedge Fund Holders: 6

QIWI plc (NASDAQ:QIWI) is one of the highest yielding tech dividend stocks, with a yield of 15.72%. QIWI plc (NASDAQ:QIWI) is a Russian online payment service provider, offering digital wallets and virtual cards, using payment systems like the QIWI Bank, CONTACT money transfer system, Factoring PLUS, Flocktory, and QPlatform.

On November 23, QIWI plc (NASDAQ:QIWI) posted its Q3 results, announcing earnings per share of $0.58, exceeding estimates by $0.13. The quarterly revenue equaled $86.31 million, outperforming estimates by $2.01 million.

In Q3 2021, 6 hedge funds in the database of Insider Monkey reported owning stakes worth $14.1 million in QIWI plc (NASDAQ:QIWI). One of the leading company stakeholders is Marshall Wace LLP, boosting its stake in QIWI plc (NASDAQ:QIWI) by 64% in the third quarter, holding 316,019 shares worth $2.65 million.

You can also take a look at 10 Healthcare Dividend Stocks with Over 3% Yield and 10 Electric Car Stocks to Buy for 2022.

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