Tech companies are notoriously stingy with dividend payouts. Many prefer to invest their earnings in research and development rather than pay earnings as dividends. But, there are some tech companies that have relatively high dividend yields. The five stocks discussed below all have dividend yields above 3%. As an added bonus Wall Street analysts that follow these stocks love these stocks.
Chipmaker Intel (NASDAQ:INTC) started paying dividends in 1992 but its dividend yield didn’t break the 1% mark until 2004. Currently, Intel’s dividend yield is 3.3%. Analysts love the company. Out of 40 analysts that follow the stock 21 rate it a strong buy and five rate it a buy. Another 12 have a hold rating on Intel, while only two analysts have sell or strong sell ratings on the stock.
Another chipmaker also boasts a decent dividend yield and is loved by Wall Street. Microchip Technology (NASDAQ:MCHP) currently yields 3.7%. Of the 13 analysts that cover the stock, eight rate it as a strong buy and one rates it as a buy. The remaining four analysts have a hold rating on the stock. There aren’t any sell ratings on Microchip Tech.
ClickSoftware (NASDAQ:CKSW) makes workforce solution software. The company just started paying a dividend this year and the stock currently yields 3.2%. While only four analysts offer a recommendation on ClickSoftware all of these analysts like the stock. Three rate it a strong buy and the other analyst rates it a buy.
After halting its dividend between mid-2006 and the end of 2008, Mobile TeleSystems (NYSE:MBT) began paying a dividend again in 2009. This eastern European telecommunication company yields 4.3%. Analysts like the stock too. Three of the seven analysts that cover the stock have a strong buy rating while another analyst has a buy rating. The remaining three analysts recommend holding the stock.
The highest yielding tech company on our list is a better-known telecom company than Mobile TeleSystems. Vodafone Group (NASDAQ:VOD) has a dividend yield of 7.1%. All seven analysts recommend buying the stock; with five giving it a strong buy rating and two analysts giving it a buy rating.
If you’re looking for a tech company that pays a decent dividend check out these five stocks. Wall Street analysts like them, and they may be right for your portfolio too.
This article was originally posted on Cool Stock Data.