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For investors looking for a mix of growth and reliable income, technology stocks with a long history of dividends are particularly attractive. Here we highlight three companies – QUALCOMM, Analog Devices and Microchip Technology – that recently announced dividend increases.
QUALCOMM
QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational 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 computer products. The QTL segment licenses intellectual property for wireless products, while the QSI segment invests in early-stage companies across industries including 5G and AI.
QUALCOMM has maintained dividend payments for 22 years in a row and increased them for 21 years. In April, the company increased its quarterly dividend by 6.2% to $0.85 per share, or $3.40 per year, delivering a return of 1.72%.
The stock is up more than 37% this year, and the company has surpassed consensus expectations for earnings per share and revenue over 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 worldwide semiconductor leader that designs, manufactures and sells integrated circuits (ICs), software and subsystems. The Company provides data converter products, power management and reference products for a variety of applications in the automotive, communications, industrial and consumer markets.
Analog Devices has raised its dividend for 21 consecutive years. In February, the company raised its quarterly dividend by 7% to $0.92 per share, or $3.68 per year, yielding 1.62%.
Shares are up more than 15% YTD and the company has surpassed consensus EPS and revenue estimates for the last two quarters. Over the last 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 sells globally smart, connected and secure embedded control solutions. The Company offers a range of microcontrollers and microprocessors for applications in automotive, industrial, computing, communications and other industries.
Microchip has maintained dividend payments for 23 years in a row and increased them for 12 years. In May, the company increased its quarterly dividend by 18% to $0.452 per share, or $1.808 annually, yielding 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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