When it comes to investing, nothing beats the allure of tech stocks providing a stream of passive income through dividends. Enter tech giants like Microsoft, Dell Technologies, and Apple – each standing out in the world of high-tech stocks with their unique offerings of quarterly payouts to shareholders.
Breakdown of Microsoft
Microsoft, a heavyweight in the tech industry, recently showcased its might with a commendable double beat, surpassing the Zacks Consensus EPS estimate by almost 5% and boasting sales 2% ahead of expectations. This growth trend, contrasted with the previous year, prompted a surge in share price post-earnings.
With analysts keenly revising their earnings outlook, the future looks bright for Microsoft, with the current fiscal year’s Zacks Consensus EPS estimate standing at an impressive $11.76 – marking a bullish 9% increase over the past year.
The company’s commitment to rewarding shareholders is evident, with a robust 10.5% five-year annualized dividend growth rate, showcasing its dedication to creating value for investors.
Insights into Apple
Apple, a tech titan in its own right, recently captured attention with its post-earnings fireworks following a quarterly report that exceeded expectations. Noteworthy figures include a 1.3% beat on the Zacks Consensus EPS estimate and sales surpassing expectations by 1%.
Not one to shy away from grand gestures, Apple made waves with the announcement of a record-breaking $110 billion buyback program. Adding to the positivity, the company unveiled a 4% increase in its quarterly dividend, marking the 12th consecutive year of such increments, while also boasting a solid 5.5% five-year annualized dividend growth rate.
Decoding Dell Technologies
Dell Technologies has seen a remarkable year, with shares soaring nearly 70% year-to-date, far outpacing the performance of the S&P 500. The company’s positive quarterly results fueled this rise, with shares climbing higher after each earnings report.
Analysts echo optimism for Dell, with the Zacks Consensus EPS estimate for the current year surging by almost 25% over the past year to $7.64. With an annual yield of 1.4%, surpassing the sector average, Dell Technologies isn’t just about capital gains – investors also benefit from a 20% increase in its quarterly dividend, affirming the company’s commitment to rewarding its loyal shareholders.
The Crux of It All
Investors seeking the thrill of owning dividend-paying stocks need not stick to the mundane – the tech sector offers ample excitement coupled with rewarding quarterly payouts. Microsoft, Dell Technologies, and Apple stand out as prime examples, making them enticing options for those eyeing a blend of tech exposure and passive income.