On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney puts the spotlight on dividend-paying tech stocks and explores three innovative companies that should be on the radar of any income investor looking to gain exposure to the tech sector.
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This week, Ryan will be taking over the Zacks Income Investor portfolio, a service which is geared toward dividend-focused investors. Stocks in this portfolio typically offer strong yields, meaning that investors can lock up a solid cash flow while also discovering some solid overall picks.
To celebrate the occasion, Ryan brings the income theme to the Tech Talk Tuesday podcast by spotlighting a few dividend-paying tech stocks.
First, he discusses Garmin GRMN, a designer of GPS navigation and wearable technology equipment. Garmin was a pioneer in the personal GPS market, and now it’s a leader in wearables, so this company really serves as the legacy play here. Its dividend yield is above 3% and its sporting a Zacks Rank #2 (Buy).
Ryan then shifts the conversation to NetApp NTAP. This firm specializes in hybrid cloud solutions, making it an interesting pick in a growing industry. Plus, NetApp pays a healthy dividend and is expected to see a long-term annual EPS growth rate of 14%.
Finally, the host moves on to an even more speculative growth pick, Cypress Semiconductor CY. This chipmaker is an Internet of Things pure play and sports one of the largest IoT portfolios in the business. Still, this Zacks Rank #1 (Strong Buy) is on our dividend radar right now.
None of the three stocks mentioned in today’s episode are currently held in the Income Investor service. Nevertheless, they help show that income-focused investors still have a diverse array of options within the tech sector.
Make sure to check out the show to hear more!
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As always, thanks for listening to the Zacks Tech Talk Tuesday Podcast; we will see you next time!
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NetApp, Inc. (NTAP) : Free Stock Analysis Report
Cypress Semiconductor Corporation (CY) : Free Stock Analysis Report
Garmin Ltd. (GRMN) : Free Stock Analysis Report
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