Changes in the cloud continue to benefit MSFT and its shareholders
The technology sector isn’t known for paying out juicy
dividends. Companies from the high-growth sector tend to re invest their cash
into expanding instead of returning it to investors.
However, 17 years after the dot-com bubble popped in March
of 2000, a group of former tech highflyers is quietly evolving into some of the
best dividend payers in the S&P 500.
Apple, Inc. (NASDAQ: AAPL) is a great example. Apple began
paying a dividend in 2012, and now offers a 1.6% yield after growing its
dividend by 27% in the last three years.
With more than $200 billion in cash, I expect Apple to
continue growing its dividend for years to come.
While those stats are impressive, another legendary tech
stock offers a better dividend yield and growth. This global leader pays out a
2.4% yield, a 50% premium to Apple’s 1.6% yield. It has grown its dividend by
44% in the last three years, a 63% premium to Apple.
And finally, with just over $100 billion in cash on its
balance sheet, I am expecting its dividend payment to grow more than 100% in
the next five years.
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