7 Tech Stocks Outperforming the S&P 500 in Dividends

Credits: Entrepreneur

By: Aquib Nawab


The technology sector is not just hot, it's driving significant gains in the stock market. A handful of technology companies have been contributing massively to the profits in the Nasdaq 100, highlighting the sector's investment potential.

Tech Stocks

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Despite massive layoffs in the tech industry, including Amazon's 20,000 employees, Wall Street remains optimistic about technology for 2024. The focus is on cost-cutting and increasing earnings, not on a declining industry.

Wall Street's Take on Tech in 2024

Credits: Unsplash

1. Cisco Systems, Inc.

Cisco Systems, Inc., with a NASDAQ symbol of CSCO, is a mega-cap tech leader, especially appealing to conservative accounts. It's paying a 1.56% dividend and is known for its extensive range of IP-based networking products and cybersecurity solutions.

Credits: Economic Times

Corning Inc., a pioneer in technology and listed on the NYSE as GLW, is making waves with a hefty 3.98% dividend. The company is a major player in the fiber optic world and produces LCD glass for flat-panel displays, among other products.

2. Corning Inc.

Credits: My Twintiers

Dell Technologies, recognized by its NYSE symbol DELL, goes beyond just personal computers. Offering a solid 2.01% dividend, Dell provides a range of IT solutions, products, and services across the globe.

3. Dell Technologies

Credits: Fortune

4. International Business Machines (IBM)

International Business Machines, commonly known as IBM, continues to offer a solid entry point for investors with a massive 4.31% dividend. It provides integrated solutions and services worldwide, spanning software, consulting, infrastructure, and financing.

Credits: Dig Watch

Juniper Networks, trading as JNPR on NASDAQ, offers a significant total return potential with a 3.28% dividend. The company is known for its network products and services, including routing, switching, and security products.

5. Juniper Networks

Credits: Bloomberg

Seagate Technology Holdings, with a NASDAQ symbol of STX, is a leading company in data storage technology and solutions. It offers a reasonable investment opportunity with a 3.68% dividend, providing hard disk and solid state drives.

6. Seagate Technology

Credits: Fortune

7. Texas Instruments

Texas Instruments, an old-school semiconductor tech company, presents solid value at current levels with a 3.39% dividend. Trading as TXN on NASDAQ, it supplies a broad range of semiconductor components, catering to various industries.

Credits: Dallasnews

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