The technology sector is generally characterised as full of innovation, competition and growth. It is also 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. Below is my list of huge dividend-paying stocks in the tech industry that continues to add value to my portfolio holdings.
Computer Services, Inc. (OTCPK:CSVI)
CSVI has a solid dividend yield of 2.72% and distributes 48.79% of its earnings to shareholders as dividends . The company’s dividends per share have risen from $0.32 to $1.24 over the last 10 years. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. Computer Services’s earnings growth over the past 12 months has exceeded the us it industry, with the company reporting an EPS growth of 5.92% while the industry totaled 5.40%. Interested in Computer Services? Find out more here.
MTS Systems Corporation (NASDAQ:MTSC)
MTSC has a wholesome dividend yield of 2.51% and pays out 40.50% of its profit as dividends . In the case of MTSC, they have increased their dividend per share from $0.6 to $1.2 so in the past 10 years. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend. More detail on MTS Systems here.
National CineMedia, Inc. (NASDAQ:NCMI)
NCMI has an alluring dividend yield of 13.02% with a generous payout ratio . The company’s DPS have increased from $0.6 to $0.88 over the last 10 years. The company has been a reliable payer too, not missing a payment during this time. National CineMedia’s performance over the last 12 months beat the us media industry, with the company reporting 19.11% EPS growth compared to its industry’s figure of 3.36%. Continue research on National CineMedia 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.