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For investors looking for a mix of growth and reliable income, tech stocks with a long history of dividends are particularly attractive. Here, we highlight three companies—QUALCOMM, Analog Devices, and Microchip Technology—that have recently announced dividend increases.
QUALCOMM
QUALCOMM Incorporated (NASDAQ:QCOM) develops and markets fundamental wireless technologies worldwide. It operates through three segments: QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing), and QSI (Qualcomm Strategic Initiatives). The QCT segment provides integrated circuits and system software for wireless voice and data communications, networking, and computing products. The QTL segment licenses intellectual property for wireless products, while the QSI segment invests in early-stage companies in various sectors, including 5G and AI.
QUALCOMM has maintained its dividend payment for 22 consecutive years and increased it for 21 years. In April, the company increased its quarterly dividend by 6.2% to $0.85 per share, or $3.40 per year, representing a yield of 1.5% per share. 1.72%.
The stock is up more than 37% year to date and the company has beaten consensus EPS and revenue estimates for the past three quarters. Over the past twelve months, QUALCOMM generated $36.4 billion in revenue and $8.38 billion in net income.
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Analog devices
Analog Devices, Inc. (NASDAQ:ADI) is a global semiconductor leader that designs, manufactures and markets integrated circuits (ICs), software and subsystems. The company provides data conversion, energy management and reference products for various applications in the automotive, communications, industrial and consumer markets.
Analog Devices has raised its dividend for 21 consecutive years. In February, the company increased its quarterly dividend by 7% to $0.92 per share, or $3.68 per year, giving it a yield 1.62%.
The stock is up more than 15% year-to-date and the company has surpassed consensus EPS and revenue estimates for the past two quarters. Over the past twelve months, Analog Devices generated $10.46 billion in revenue and $2.14 billion in net income.
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Microchip technology
Microchip Technology Incorporated (NASDAQ:MCHP) develops, manufactures and markets intelligent, connected and secure embedded control solutions on a global scale. The company offers a range of microcontrollers and microprocessors for applications in the automotive, industrial, computing, communications and other sectors.
Microchip has maintained its dividend payments for 23 consecutive years and increased them for 12 years. In May, the company increased its quarterly dividend by 18% to $0.452 per share, or $1.808 per year, representing a yield of 1.5% per share. 2.01%.
Over the past twelve months, Microchip generated $7.6 billion in revenue and $1.9 billion in net income.
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