Tech stocks are known mostly for their growth potential, but many of them pay a modest dividend as well. That income can come in handy, especially during times like these when markets are down and inflation is high. Automatically reinvesting dividend payments can supercharge your long-term returns in this scenario as the process allows you to accumulate more shares when prices are low.
But which tech stocks should you buy? Read on for a few good reasons to like Microsoft (NASDAQ: MSFT), Nvidia (NASDAQ: NVDA), and Garmin (NYSE: GRMN) right now.
In the list of reasons why you'd buy Microsoft stock, the dividend might not be at the top. But that's mostly a testament to this highly diverse business.
Source Fool.com