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For investors seeking a blend of growth and reliable income, tech stocks with long-standing dividend histories are particularly appealing. Here, we spotlight three companies—QUALCOMM, Analog Devices, and Microchip Technology—that have recently announced dividend hikes.
QUALCOMM
QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes foundational wireless technologies worldwide. It operates through three segments: QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing), and QSI (Qualcomm Strategic Initiatives). The QCT segment supplies integrated circuits and system software for wireless voice and data communications, networking, and computing products. The QTL segment licenses intellectual property for wireless products, while the QSI segment invests in early-stage companies across various industries including 5G and AI.
QUALCOMM has maintained dividend payments for 22 consecutive years and raised them for 21 years. In April, the company increased its quarterly dividend by 6.2% to $0.85 per share, or $3.40 annually, yielding 1.72%.
The stock is up more than 37% YTD, and the company has beaten consensus EPS and revenue estimates for the last three quarters. Over the past twelve months, QUALCOMM generated $36.4 billion in revenue and $8.38 billion in net income.
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Analog Devices
Analog Devices, Inc. (NASDAQ:ADI) is a global semiconductor leader that designs, manufactures, and markets integrated circuits (ICs), software, and subsystems. The company provides data converter products, power management, and reference products for various applications in automotive, communications, industrial, and consumer markets.
Analog Devices has raised its dividend for 21 consecutive years. In February, the company increased its quarterly dividend by 7% to $0.92 per share, or $3.68 annually, yielding 1.62%.
The stock is up more than 15% YTD, and the company has beaten consensus EPS and revenue estimates for the last two quarters. Over the past twelve months, Analog Devices generated $10.46 billion in revenue and $2.14 billion in net income.
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Microchip Technology
Microchip Technology Incorporated (NASDAQ:MCHP) develops, manufactures, and sells smart, connected, and secure embedded control solutions globally. The company offers a range of microcontrollers and microprocessors for applications in automotive, industrial, computing, communications, and other sectors.
Microchip has maintained dividend payments for 23 consecutive years and raised them for 12 years. In May, the company increased its quarterly dividend by 18% to $0.452 per share, or $1.808 annually, yielding 2.01%.
Over the past twelve months, Microchip generated $7.6 billion in revenue and $1.9 billion in net income.
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