These 5 low-key tech stocks with appealing dividend yields are profiting from coronavirus-induced uncertainty
Safe dividends from reliable companies
In times of trouble, investors often turn to dividend stocks for security. After all, firms with generous dividends tend to have reliable profits to back them up — and reliability is in high demand these days.
But just as the recent pandemic has flipped the script on
many aspects of life, it has upended traditional dividend investing strategies.
For instance, some of the worst performers so far this year have been REITs
that were often seen as bulletproof thanks to long-term lease arrangements with
major corporate customers.
Things would have to get completely miserable, the thinking
went, before major commercial real estate operators like mall giant Simon
Property Group SPG, -2.05% saw a bunch of tenants miss their rent checks,
right? Well, things are indeed miserable — particularly if you own Simon stock
and are sitting on a decline of about 65% this year.
If you’re looking for yield but worried about trusting the
same old dividend plays, then consider these off-the-beaten-trail tech stocks
with decent yields.
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