Top Yielding Tech Stocks
The Apple (AAPL) iPad has been released, generating a huge buying spree. Investors are looking for companies that may benefit from the popularity of the iPad, either iPad parts suppliers, apps makers, or other peripheral companies.
But it is not just the tech stocks wrapping around Apple that are doing well. Many tech stocks are on the move. Just look at the Technology Select Sector SPDR (XLK) ETF which is up almost 50% for the last 12 months. Some investors still want to get into technology, but want income to help protect them on the downside. Fortunately there are plenty of tech stocks that pay dividends, and four with yields over 4%.
EarthLink, Inc. (ELNK), the Internet access service provider, pays a yield of 6.6%. The company, which has a market cap of $925.9 million, has a forward price to earnings ratio of 12. Unfortunately, they have a very short term track record of quarterly dividend payments.
Pitney Bowes Inc. (PBI), the office equipment company, somewhat falls into the category of technology. The stock yields 6.0%, has a forward PE of 10, and has a market cap of $5.1 billion. The company has paid dividends since 1993.
Microchip Technology Inc. (MCHP) is in the business of manufacturing semiconductor products and pays a yield of 4.8%, with a forward PE of 18. This $5.3 billion market cap stock has paid dividends since 2002. The dividend was increased slightly for the latest quarter.
Maxim Integrated Products Inc. (MXIM) is also in the semiconductor business and has also paid dividends since 2002. The stock yields 4.1%, has a forward PE of 16, with a $6.0 billion market cap.
If you like high yield stocks, you should check out the list of high yield utility stocks, high yield tax free dividend stocks, and high yield monthly dividend stocks at WallStreetNewsNetwork.com.
Author owns AAPL.
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
