Yahoo Finance 3 Tech Stocks With A History Of Reliable Dividends
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For those seeking a blend of growth and reliable income, tech stocks with long-standing dividend histories are particularly appealing. Here, we highlight three such companies — International Business Machines, Hewlett Packard Enterprise, and Cisco Systems — known for their consistent dividend payouts and solid financial health.
International Business Machines
International Business Machines Corporation (NYSE:IBM) offers comprehensive solutions and services worldwide, segmented into Software, Consulting, Infrastructure, and Financing. The Software division provides hybrid cloud and AI platforms to aid clients in their digital transformations. Consulting focuses on integrating strategies and operations technology. The Infrastructure segment offers both cloud-based and on-premises server and storage solutions, while the Financing segment helps clients acquire IBM products and services.
IBM has increased its dividend for 28 straight years, with the latest raise in April bringing the quarterly payout to $1.67 per share, or $6.68 annually, yielding 3.95%.
Over the past year, IBM reported $62 billion in revenue and $8.18 billion in net income.
Hewlett Packard Enterprise
Hewlett Packard Enterprise Company (NYSE:HPE) delivers data-centric solutions globally, helping clients manage and utilize data effectively. Operating in segments such as Compute, HPC & AI, Storage, Intelligent Edge, and Financial Services, HPE supports a range of IT needs from cloud services to data analytics.
HPE has maintained dividend payments for a decade. The company pays a regular dividend of $0.13 per share, or $0.52 annually, with a yield of 2.49%.
The stock has climbed 24% year-to-date, driven by steady EPS beats. Over the last twelve months, HPE generated $28.3 billion in revenue and $1.8 billion in net income.
Cisco Systems
Cisco Systems, Inc. (NASDAQ:CSCO) is a leading provider of networking and IT solutions worldwide, offering products in switching, enterprise routing, wireless access, and computing systems.
Cisco has been consistent in its dividend payments for 14 years and has increased them for 13 consecutive years. In February, Cisco raised its quarterly dividend by 2.6% to $0.40 per share, or $1.60 annually, yielding 3.51%.
Over the past year, Cisco reported $55.3 billion in revenue and $12.1 billion in net income.
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This article 3 Tech Stocks With A History Of Reliable Dividends originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
