Is 4.8%-Yielding Seagate Technology a Buy?
Seagate Technology (NASDAQ: STX) is one of the few companies left that makes hard disk drives, and the industry leader with a roughly 45% market share. It's also a value stock, trading at just 11 times forward earnings estimates, with a 4.8% dividend yield to boot.
Not only that, but the storage giant just recently announced plans for a 3% dividend increase that will take place later in January. Seagate has kept its payout steady for the past few years, so the resumption of dividend growth is an encouraging sign.
Source Fool.com