Tech stocks and dividends were once considered to be an unlikely pair, but times have changed. Companies like OpenText Corp and Alphabet (Google) are leading the way by offering dividends to their investors.
Alphabet, also known as Google, pays a dividend of $0.20 per quarter, amounting to $0.80 per year. Despite a current yield of 0.44% at a stock price of $180, there is potential for the dividend to increase over time, providing investors with a steady income stream.
OpenText, a Canadian company specializing in text analysis and content management, has been paying dividends since 2013. With a dividend of $0.25 per quarter or $1 per year, the stock offers a generous yield of 3.37% at a stock price of $29.69. OpenText has consistently increased its dividend by 12% annually over the past decade, showcasing strong dividend growth.
Both of these tech companies are defying the traditional notion that tech stocks do not pay dividends. As the tech industry continues to evolve, more companies may follow suit and offer dividends to attract investors looking for both growth potential and income.
