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The technology sector is generally characterised as full of innovation, competition and growth. It is also known to be highly cyclical and volatile since companies tend to find it difficult to create sustainable competitive advantage. Though, companies that are able to build a strong moat are incredibly profitable and some payout high dividends as a result. Here are my top dividend stocks in the tech industry that could be valuable additions to your current holdings.
Micro-Mechanics (Holdings) Ltd. (SGX:5DD)
5DD has a substantial dividend yield of 4.97% and distributes 62.69% of its earnings to shareholders as dividends . While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. Continue research on Micro-Mechanics (Holdings) here.
AEM Holdings Ltd (SGX:AWX)
AWX has a sizeable dividend yield of 2.17% and pays 22.15% of it’s earnings as dividends , with analysts expecting the payout in three years to be 25.08%. Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from S$0 to S$0.12 over the past 10 years. AEM Holdings’s earnings per share growth of 315.88% over the past 12 months outpaced the sg semiconductor industry’s average growth rate of 184.01%. Continue research on AEM Holdings here.
Venture Corporation Limited (SGX:V03)
V03 has a sizeable dividend yield of 3.06% and their current payout ratio is 41.75% . In the case of V03, they have increased their dividend per share from S$0.50 to S$0.60 so in the past 10 years. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Continue research on Venture here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.