3 Dividend-Paying Tech Stocks to Buy Right Now
Many tech companies do not pay dividends, instead choosing to focus on growth and reinvestment in the company. But many manage to do both, and these provide investors with the best of both worlds, which is especially important in today's economic environment.
Technology stocks in the growth sector are currently under immense pressure. Inflation is rampant in the U.S., causing fears that interest rates will rise faster than forecast. When this happens, the future cash flows are discounted, and values on Wall Street fall. There are some technology stocks, however, that pay dividends, conduct share buybacks, and are built to withstand the inflation pressures. These three could continue to provide market-beating growth while rewarding shareholders with a dividend each quarter.
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Source Fool.com