Best Tech Dividend Paying Stock in February
The technology sector is generally characterised as full of innovation, competition and growth. It is also 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.
NAHL Group plc (AIM:NAH)
NAH has an appealing dividend yield of 10.30% and distributes 78.81% of its earnings to shareholders as dividends . NAH’s dividend alone will put you better off than your bank interest, but the company’s yield isn’t only higher than the low risk savings rate. It’s also amongst the market’s top dividend payers. NAHL Group seems reasonably priced when looking at its PE ratio (8.1). The industry average suggests that GB Media companies are more expensive on average 25. Continue research on NAHL Group here.
Bloomsbury Publishing plc (LSE:BMY)
BMY has a solid dividend yield of 3.95% and is distributing 58.35% of earnings as dividends . BMY has increased its dividend from £0.0366 to £0.067 over the past 10 years. Much to the delight of shareholders, the company has not missed a payment during this time. Interested in Bloomsbury Publishing? Find out more here.
STV Group plc (LSE:STVG)
STVG has a sumptuous dividend yield of 4.72% and the company currently pays out 58.24% of its profits as dividends . While there’s been some level of instability in the yield, STVG has overall increased DPS over a 10 year period from £0 to £0.15. If analysts are correct, STV Group has some strong future growth on the horizon with an expected increase in EPS of 73.16% over the next three years. Continue research on STV Group here.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our 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.
