Why Seagate Technology Is My Favorite Dividend Stock for 2020
Shares of digital memory manufacturer Seagate Technology (NASDAQ: STX) roared 54% higher in 2019, paying investors $0.63 per share each quarter along the way. To kick off 2020, that payout was raised to $0.65 a share, good for an annual yield of 4.4% as of this writing.
Though the stock's rally has priced in an expected rebound in demand for Seagate's wares this year, there are plenty of reasons to still like the stock. Shares are priced reasonably, the next wave of electronics and digital business operation upgrades are coming, and that dividend is a generous bonus along the way. Thus, Seagate is my favorite dividend stock for 2020.
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Source Fool.com
