Growth And Income? These Tech Stocks Offer Both

For those seeking a blend of growth and reliable income, tech stocks with long-standing dividend histories are particularly appealing. Here, we spotlight three companies—Cisco Systems, Open Text Corporation, and Amdocs Limited—that exemplify these traits.

Cisco Systems

Cisco Systems CSCO is a global technology leader, providing networking and IT solutions worldwide, offering products in switching, enterprise routing, wireless access, and computing systems. 

Cisco has maintained dividend payments for 14 years, with increases for the past 13 years. In February, the company raised its quarterly dividend by 2.6% to $0.40 per share, or $1.60 annually, yielding 3.48%. 

Cisco has consistently beaten consensus EPS and revenue estimates for the last eight quarters. Over the past year, Cisco generated $55.36 billion in revenue and $12.1 billion in net income.

Open Text Corporation

Open Text Corporation OTEX offers comprehensive information management software and solutions. Its services include content collaboration, records management, e-signatures, and archiving. Open Text also provides cybersecurity cloud solutions for threat detection, response, and data protection.

Open Text has maintained dividend payments for 12 consecutive years and raised them for 11 years. The company pays a quarterly dividend of $0.25 per share, or $1 annually, yielding 3.46%. 

Over the last twelve months, Open Text generated $5.89 billion in revenue and $168.1 million in net income.

Amdocs 

Amdocs Limited DOX provides software and services to communications and media companies worldwide. The company designs, develops, and markets an open and modular cloud portfolio, helping service providers migrate to the cloud, differentiate in the 5G era, and automate operations. 

Amdocs has maintained dividend payments for 13 consecutive years and raised them for 12 years. The company pays a quarterly dividend of $0.479 per share, or $1.916 annually, yielding 2.51%. 

In the last twelve months, Amdocs generated $4.96 billion in revenue and $527.9 million in net income.

Looking For Higher-Yield Opportunities?

The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks… Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider. 

For example, the Jeff Bezos-backed investment platform just launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings. 

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.