8 Tech Stocks That Pay You to Own Them
When you buy stocks, you're trying to get returns from two places: growth and/or dividends. And for the longest time, tech stocks were bought for the former. Pick up Amazon.com (AMZN) for $300, sell half at a thousand bucks a few years later, and you're sitting on free shares worth $1,600 each a year after that. Great!
However, many technology companies are maturing - breakneck growth is behind them, and they need an alternative way to draw investors. Thus, many tech stocks are starting to deliver dividends, paying people to own them.
That doesn't mean every tech firm offering up a regular distribution is done growing altogether. The increased presence of technology in all aspects of human life means that there's still plenty of upside, even for Wall Street's biggest tech companies. To wit, old-guard blue-chip Microsoft (MSFT) recently hit $760 billion in market capitalization to surpass Google parent Alphabet (GOOGL) in market share.
Several tech stocks offer an ideal combination of dividend and growth potential. Here are eight picks that currently deliver that 1-2 punch.
Apple
Market value: $921.0 billion
Dividend yield: 1.6%
Everybody loves Apple (AAPL, $187.50)
Warren Buffett
You’re reading a preview, subscribe to read more.
Start your free 30 days