Stocks

3 Dividend-Paying Tech Stocks to Buy in May

Published May 19, 2024

As investors look for stable income streams in the stock market, it's clear that some of the most appealing dividend stocks have their foundations firmly within the technology sector. This growing realization has brought attention to specialized tech stocks that offer both innovation and regular dividend payouts to income-focused investors.

Exploring Crown Castle's CCI Role in Connectivity

Crown Castle International Corp. CCI distinguishes itself as a notable mention among tech stocks that pay dividends. This real estate investment trust (REIT) has an expansive portfolio of over 40,000 cell towers and nearly 80,000 route miles of fiber. These assets are crucial in providing the infrastructure needed for supporting small cells and fiber solutions across the United States. With 100 offices nationwide and a strategic focus on shared communication infrastructure, Crown Castle's role is pivotal in the tech-communications landscape, which is reflected in its reliable dividend offerings.

Cisco Systems CSCO: Networking and Innovations

Cisco Systems, Inc. CSCO is a technology stalwart based in the heart of Silicon Valley. This multinational conglomerate has made significant strides in networking hardware, software and telecommunications equipment. Cisco's extensive portfolio of acquired subsidiaries, including names like OpenDNS, Webex, and Jasper, enables the conglomerate to tap into lucrative markets such as the Internet of Things (IoT), cybersecurity and energy management. After reincorporating in Delaware in 2021, Cisco continues to signify its strength as a dividend-paying tech company.

IBM IBM: A Legacy of Innovation and Dividends

International Business Machines Corporation's IBM history stretches back to 1911, and today it maintains a global presence in more than 170 countries. Renowned for its contributions to computing hardware and software, IBM's extensive patent portfolio pinpoints its dedication to research and development, innovation, and thought leadership. Well-respected for inventions like the ATM, the floppy disk, and the hard disk drive, IBM's emphasis on advanced technologies does not overshadow its commitment to shareholder returns, exemplified by its robust dividend payments.

investment, technology, dividends