Two Tech Titans to Buy in October Just Raised Their Dividends

Two Tech Titans to Buy in October Just Raised Their Dividends

Looking for safe dividend stocks in tech? They aren't easy to find these days. The market sits at all-time highs, and many well-known tech giants, such as IBM (NYSE: IBM) and Cisco (NASDAQ: CSCO), are struggling to fend off competition. Moreover, the tech sector, in general, is prone to rapid change and disruption.  

That being said, two tech stalwarts -- Microsoft (NASDAQ: MSFT), and Texas Instruments (NASDAQ: TXN) -- both just raised their dividends, and each is posting excellent operating results.

Microsoft increased its dividend by 7.6% from $1.56 to $1.64 per share, for a forward yield of 2.25%, while Texas Instruments upped the ante, hiking its dividend a whopping 24% from $1.88 to $2.48, for a forward yield of 2.8%. Here's what's behind all that cash-money and why these two companies are strong contenders for any dividend growth investor's portfolio. 

Continue reading

Source: Fool.com