Wayside Technology Group, American Software, and MTS Systems are technology companies which share a common feature – they’re also great dividend stocks. The tech sector is known to be highly volatile and cyclical since firms face high competition and constant disruption. Though, companies that are able to build a strong moat are incredibly profitable and some payout high dividends as a result. If you’re a buy-and-hold investor, these healthy dividend stocks in the tech industry can generously contribute to your monthly portfolio income.
Wayside Technology Group, Inc. (NASDAQ:WSTG)
WSTG has a sumptuous dividend yield of 4.77% and their current payout ratio is 57.02% . WSTG’s dividends have increased in the last 10 years, with DPS increasing from US$0.60 to US$0.68. They have been dependable too, not missing a single payment in this time. Comparing Wayside Technology Group’s PE ratio against the US Electronic industry draws favorable results, with the company’s PE of 11.9 being below that of its industry (22.4). Continue research on Wayside Technology Group here.
American Software, Inc. (NASDAQ:AMSW.A)
AMSW.A has a nice dividend yield of 3.26% and pays 62.33% of it’s earnings as dividends . Over the past 10 years, AMSW.A has increased its dividends from US$0.36 to US$0.44. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. American Software’s earnings growth over the past 12 months has exceeded the us software industry, with the company reporting an EPS growth of 171.82% while the industry totaled 13.27%. Interested in American Software? Find out more here.
MTS Systems Corporation (NASDAQ:MTSC)
MTSC has a sizeable dividend yield of 2.22% and the company has a payout ratio of 39.70% . The company’s DPS have increased from US$0.60 to US$1.20 over the last 10 years. They have been dependable too, not missing a single payment in this time. Continue research on MTS Systems here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.