3 High Forward-Dividend Technology Stocks
- By Alberto Abaterusso
The following companies have a compelling forward dividend yield, one that is 200% or higher than the dividend yield of the S&P 500 index. The dividend yield of the benchmark for the U.S. equities market was 1.92% on Friday.
The closing share price of ClearOne Inc. (CLRO) was $1.92 on Friday. Following a 76% decline for the 52 weeks through Feb. 22, the forward dividend yield went up to 14.58% versus an industry median of 2.12%. The stock has a market capitalization of $31.9 million and a price-sales ratio of 0.53 versus an industry median of 1.41.
The share price is slightly below the 200-day simple moving average line but still above the 100- and 50-day SMA lines. The 52-week range is $1.12 to $8.5.
Based in Salt Lake City, Utah, ClearOne Inc. is a designer, developer and seller of communication equipment in the U.S. and internationally.
GuruFocus gave the company a financial strength rating of 10 out of 10 and a profitability and growth rating of 4 out of 10.
TiVo Corp. (TIVO) closed at $11.3 per share on Friday. For the 52 weeks through Feb. 22, the share price declined 17%. The forward dividend yield is 6.35% compared to an industry median of 1.79%. The stock has a market capitalization of about $1.41 billion, a price-book ratio of 0.78 versus an industry median of 2.93 and a price-sales ratio of 1.87 compared to an industry median of 2.86.
The share price is below the 200-day SMA line but still above the 100- and 50-day simple moving average lines. The closing price on Feb. 22 falls in the 52-week range of $8.73 to $15.95.
Based in San Jose, California, TiVo Corp. is a worldwide provider of media and entertainment products. Its clients operate in the consumer entertainment industry.
GuruFocus rated TiVo Corp. financial strength 5 out of 10 and its profitability and growth 7 out of 10.
The recommendation rating is 2 out of 5, and the average target price is $24 per share.
Taitron Components Inc. Class A (TAIT)'s share price was $2 at close on Friday. The forward dividend yield is 5.85% versus an industry median of 2.65%. For the 52 weeks through Feb. 22, the stock has increased 32%. The market capitalization is approximately $11.54 million, the price-book ratio is 0.95 versus an industry median of 1.47, the price-earnings ratio is 14.64 versus an industry median of 16.75 and the price-sales ratio is 1.55 compared to an industry median of 0.98.
The share price is above the 200-, 100- and 50-day simple moving average lines. The 52-week range is $1.22 to $2.89.
Based in Valencia, California, Taitron Components Inc. is an electronic components distributor.
GuruFocus assigned the company a financial strength rating of 9 out of 10 and a profitability and growth rating of 6 out of 10.
Disclosure: I have no positions in any securities mentioned.
This article first appeared on GuruFocus.
