June Top Tech Dividend Payers
Meredith, AVX, and Cinemark Holdings are technology companies which share a common feature – they’re also great dividend stocks. The tech sector is known to be highly cyclical and volatile since companies tend to find it difficult to create sustainable competitive advantage. Though, companies that are able to build a strong moat are incredibly profitable and some payout high dividends as a result. I’ve identify the following tech stocks paying high income, which may increase the value of your portfolio.
Meredith Corporation (NYSE:MDP)
MDP has an alluring dividend yield of 4.49% and the company has a payout ratio of 74.25% . MDP’s last dividend payment was US$2.18, up from it’s payment 10 years ago of US$0.86. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. Analysts are enthusiastic about the company’s future growth, estimating a 72.52% earnings per share increase over the next 12 months. Continue research on Meredith here.
AVX Corporation (NYSE:AVX)
AVX has a decent dividend yield of 2.92% with a high payout ratio . AVX has increased its dividend from US$0.16 to US$0.46 over the past 10 years. The company has been a dependable payer too, not missing a payment in this 10 year period. AVX could be a good investment for its future growth, with analysts expecting the company’s earnings to grow by an exciting triple-digit over the next 12 months Continue research on AVX here.
Cinemark Holdings, Inc. (NYSE:CNK)
CNK has a nice dividend yield of 3.74% and is currently distributing 57.63% of profits to shareholders . CNK’s DPS have risen to US$1.28 from US$0.72 over a 10 year period. The company has been a reliable payer too, not missing a payment during this time. More on Cinemark Holdings 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.
