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. However, those that build successful economic moats are exceptionally profitable and some pay strong dividends as a result. Here are my top dividend stocks in the tech industry that could be valuable additions to your current holdings.
CCID Consulting Company Limited (SEHK:8235)
8235 has a large dividend yield of 6.13% and distributes 46.95% of its earnings to shareholders as dividends . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from CN¥0.016 to CN¥0.017 over the past 10 years. The company outperformed the hk it industry’s earnings growth of 1.88%, reporting an EPS growth of 154.52% over the past 12 months. More detail on CCID Consulting here.
Computer And Technologies Holdings Limited (SEHK:46)
46 has a juicy dividend yield of 7.53% and the company currently pays out 62.42% of its profits as dividends . Despite there being some hiccups, dividends per share have increased during the past 10 years. Computer And Technologies Holdings’s earnings per share growth of 7.92% outpaced the hk it industry’s 1.88% average growth rate over the last year. Interested in Computer And Technologies Holdings? Find out more here.
Wong’s Kong King International (Holdings) Limited (SEHK:532)
532 has a substantial dividend yield of 5.65% and the company currently pays out 47.14% of its profits as dividends . Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from HK$0.05 to HK$0.07. Wong’s Kong King International (Holdings)’s performance over the last 12 months beat the hk electronic industry, with the company reporting 146.81% EPS growth compared to its industry’s figure of 8.55%. Interested in Wong’s Kong King International (Holdings)? Find out more 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.