The identity of the sector in the S&P 500 with the fastest dividend growth may come as a surprise to a lot of investors… #-ad_banner-#Information systems. Dividends were once anathema to the tech industry, as the standard was to plow back profits and cash flow back into R&D. Credit Intel (Nasdaq: INTC) and Microsoft (Nasdaq: MSFT), two of the biggest tech names of the time, for turning the tide on dividend payments. Intel was actually well ahead of the game, starting up its dividend payout in 1993, while “Mr. Softy” initiated its dividend in 2003. Where are we… Read More
The identity of the sector in the S&P 500 with the fastest dividend growth may come as a surprise to a lot of investors… #-ad_banner-#Information systems. Dividends were once anathema to the tech industry, as the standard was to plow back profits and cash flow back into R&D. Credit Intel (Nasdaq: INTC) and Microsoft (Nasdaq: MSFT), two of the biggest tech names of the time, for turning the tide on dividend payments. Intel was actually well ahead of the game, starting up its dividend payout in 1993, while “Mr. Softy” initiated its dividend in 2003. Where are we today? The 32 dividend-paying IT stocks in the S&P 500 in 2010 yielded 0.94%. That figure grew to 1.13% among the index’s 44 dividend payers at the end of 2013. Of course, Apple (Nasdaq: AAPL), the second-biggest payer in terms of dollars (after Exxon Mobil (NYSE: XOM)), helped boost the number, but others like Cisco (Nasdaq: CSCO) are helping to move the needle, too. Microsoft and Intel may be the current rock stars for long-term tech dividend investors, but what about the rising stars of the industry? I’m looking for investments you can buy and hold… Read More