Looking for Passive Income? Buy These 3 Top Tech Stocks
Passive income -- money you can earn with little to no effort -- is one key to achieving financial flexibility, and dividend-paying stocks are a top choice for those who seek it. Plenty of companies out there reliably distribute some of their earnings to shareholders every quarter.
After the drubbing the stock market took in the first half of 2022, even some growing tech companies are priced such that their dividends offer lucrative yields. If you're looking for fantastic long-term passive income plays in this market, three Fool.com contributors think Texas Instruments (NASDAQ: TXN), Logitech International (NASDAQ: LOGI), and Qualcomm (NASDAQ: QCOM) should be on your radar.
Billy Duberstein (Texas Instruments): In this time of uncertainty and rising interest rates, what would investors find attractive in an income-producing asset? Defensive characteristics, a meaningful yield supported by high free cash flow, and the potential to grow through a potential downturn.
Source Fool.com
