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In light of low bond yields and the threat of interest rate risk, investing in dividends companies is attractive because of higher present yields and the opportunity for dividend growth. Income investors searching for growing dividends could benefit by adding technology companies to their portfolios. That's right, a decade after the tech bubble there are now many attractive technology stock dividends.

The following dividend paying stocks were screened for their long term performance. Each of the following technology companies pays a dividend in excess of the 10-year treasury yield and had over a 5% average annual increase in dividend payments over the past 10 years. Thus, each of these dividend stocks pays more than treasuries and has a long-term trend of dividend growth, which is better than the static interest payments on fixed-rate treasuries.

Price multiples, dividend histories, and return of equity histories are provided below:

Automatic Data Processing, Inc. (ADP) recently traded at $54.95 per share. At this price level, the stock has a 2.9% dividend yield. For 10 out of the past 10 fiscal years, a share of ADP paid a total of $8.82 in dividends. Of these dividend payments, a total of $6.03 were paid in the last five years.

ADP shareholders have seen a 1.8% change in share price over the past year. At present, shares of this large cap stock trade at a price-to-book ratio of 4.5, a price-to-earnings multiple of 21.4, and a price-to-sales multiple of 2.6 (trailing twelve months). Over the past decade shareholders savored a 21.8% average annual return on equity.

Astro-Med Inc. (ALOT) recently traded at $7.96 per share. At this price level, the stock has a 3.5% dividend yield. For 10 out of the past 10 fiscal years, a share of ALOT paid a total of $1.76 in dividends. Of these dividend payments, a total of $1.14 were paid in the last five years.

ALOT shareholders have seen a 4.6% change in share price over the past year. At present, shares of this micro cap stock trade at a price-to-book ratio of 1.1, a price-to-earnings multiple of 21.0, and a price-to-sales multiple of 0.8 (trailing twelve months). Over the past decade shareholders enjoyed a 5.4% average annual return on equity.

Intel Corporation (INTC) recently traded at $25.14 per share. At this price level, the stock has a 3.3% dividend yield. For 10 out of the past 10 fiscal years, a share of INTC paid a total of $3.31 in dividends. Of these dividend payments, a total of $2.59 were paid in the last five years.

INTC shareholders have seen a 6.2% change in share price over the past year. At present, shares of this large cap stock trade at a price-to-book ratio of 2.9, a price-to-earnings multiple of 11.2, and a price-to-sales multiple of 2.5 (trailing twelve months). Over the past decade shareholders savored a 14.9% average annual return on equity.

Communications Systems Inc. (JCS) recently traded at $14.6 per share. At this price level, the stock has a 4.0% dividend yield. For 10 out of the past 10 fiscal years, a share of JCS paid a total of $3.29 in dividends. Of these dividend payments, a total of $2.41 were paid in the last five years.

JCS shareholders have seen a 5.8% change in share price over the past year. At present, shares of this micro cap stock trade at a price-to-book ratio of 1.3, a price-to-earnings multiple of 10.3, and a price-to-sales multiple of 0.9 (trailing twelve months). Over the past decade shareholders enjoyed a 6.1% average annual return on equity.

Molex Inc. (MOLX) recently traded at $25.94 per share. At this price level, the stock has a 3.1% dividend yield. For 10 out of the past 10 fiscal years, a share of MOLX paid a total of $3.35 in dividends. Of these dividend payments, a total of $2.67 were paid in the last five years.

MOLX shareholders have seen a 8.8% change in share price over the past year. At present, shares of this mid cap stock trade at a price-to-book ratio of 1.9, a price-to-earnings multiple of 15.0, and a price-to-sales multiple of 1.3 (trailing twelve months). Over the past decade shareholders enjoyed a 5.5% average annual return on equity.

MTS Systems Corp. (MTSC) recently traded at $43.52 per share. At this price level, the stock has a 2.3% dividend yield. For 10 out of the past 10 fiscal years, a share of MTSC paid a total of $4.47 in dividends. Of these dividend payments, a total of $2.98 were paid in the last five years.

MTSC shareholders have seen a 7.7% change in share price over the past year. At present, shares of this small cap stock trade at a price-to-book ratio of 3.3, a price-to-earnings multiple of 13.5, and a price-to-sales multiple of 1.5 (trailing twelve months). Over the past decade shareholders savored a 16.5% average annual return on equity.

Shenandoah Telecommunications Co. (SHEN) recently traded at $10.8 per share. At this price level, the stock has a 3.0% dividend yield. For 10 out of the past 10 fiscal years, a share of SHEN paid a total of $2.04 in dividends. Of these dividend payments, a total of $1.38 were paid in the last five years.

SHEN shareholders have seen a 5.5% change in share price over the past year. At present, shares of this micro cap stock trade at a price-to-book ratio of 1.3, a price-to-earnings multiple of 19.8, and a price-to-sales multiple of 1.1 (trailing twelve months). Over the past decade shareholders savored a 14.1% average annual return on equity.

AT&T, Inc. (T) recently traded at $30.07 per share. At this price level, the stock has a 5.8% dividend yield. For 10 out of the past 10 fiscal years, a share of T paid a total of $13.85 in dividends.

T shareholders have seen a 1.1% change in share price over the past year. At present, shares of this large cap stock trade at a price-to-book ratio of 1.6, a price-to-earnings multiple of 15.3, and a price-to-sales multiple of 1.4 (trailing twelve months). Over the past decade shareholders savored a 15.0% average annual return on equity.

Texas Instruments Inc. (TXN) recently traded at $30.95 per share. At this price level, the stock has a 2.2% dividend yield. For 10 out of the past 10 fiscal years, a share of TXN paid a total of $2.25 in dividends. Of these dividend payments, a total of $1.78 were paid in the last five years.

TXN shareholders have seen a 7.8% change in share price over the past year. At present, shares of this large cap stock trade at a price-to-book ratio of 3.3, a price-to-earnings multiple of 13.1, and a price-to-sales multiple of 2.6 (trailing twelve months). Over the past decade shareholders savored a 16.2% average annual return on equity.

Warwick Valley Telephone Company (WWVY) recently traded at $13.09 per share. At this price level, the stock has a 8.0% dividend yield. For 10 out of the past 10 fiscal years, a share of WWVY paid a total of $7.68 in dividends. Of these dividend payments, a total of $4.24 were paid in the last five years.

WWVY shareholders have sustained a -0.5% change in share price over the past year. Having produced negative earnings over the past year a price-to-earnings ratio could not be computed. Shares of this micro cap stock trade at a price-to-book ratio of 2.2, and a price-to-sales multiple of 3.0 (trailing twelve months). Over the past decade shareholders savored a 17.9% average annual return on equity.

At present INTC, MSTC, and JCS trade at attractive price multiples. Income investors should research these stocks as potential additions to their portfolios.

Disclaimer: This article was written to provide investor information and education, and should not be construed as a guarantee or investment advice. I have no idea what your individual risk, time-horizon, and tax circumstances are: please seek the personal advice of a financial planner. This article uses third-party data and may contain approximations and errors. Please check estimates and data for yourself before investing. Moreover, this research does NOT constitute a guarantee.

Source: Tech Stocks: From Bubble To Dividend Growth