The technology sector is generally characterised as full of innovation, competition and growth. It is also known to be highly volatile and cyclical since firms face high competition and constant disruption. However, those that build successful economic moats are exceptionally profitable and some pay strong dividends as a result. I’ve identify the following tech stocks paying high income, which may increase the value of your portfolio.
ADC India Communications Limited (BSE:523411)
523411 has a decent dividend yield of 2.16% and pays out 52.02% of its profit as dividends . Despite some volatility in the yield, DPS has risen in the last 10 years from ₹3.00 to ₹4.00. The company has been a strong performer in recent years, averaging an earnings growth of 29.11% consistently over the past five years. Interested in ADC India Communications? Find out more here.
UFO Moviez India Limited (BSE:539141)
539141 has a wholesome dividend yield of 3.64% and the company currently pays out 55.33% of its profits as dividends , with analysts expecting this ratio to be 56.00% in the next three years. With a yield above the savings rate, bank account beating investors will be happy, but perhaps even happier knowing that 539141 is in the top quartile of market payers. More detail on UFO Moviez India here.
Nucleus Software Exports Limited (BSE:531209)
531209 has a good-sized dividend yield of 2.34% and the company currently pays out 39.08% of its profits as dividends . Despite there being some hiccups, dividends per share have increased during the past 10 years. Continue research on Nucleus Software Exports here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.