Alphabet is the latest tech giant to join the dividend-payer club, and analysts say there is a slate of names that could give investors a combination of growth and income. The Google parent on April 25 announced that its board authorized a dividend of 20 cents per share , payable on June 17 to shareholders of record as of June 10. Alphabet’s board also approved $70 billion in share repurchases. The news, which accompanied a first-quarter earnings beat , carried Alphabet shares 10% higher on Friday. All eyes remain on tech stocks this week, with Amazon and Apple due to release their earnings after the market closes on Tuesday and Thursday, respectively. After a strong rally to start the year, tech stocks have wavered in recent weeks as investor concerns of lofty valuations bubbled to the surface. Nevertheless, the S & P 500 information technology sector is more than 8% higher for the year. Investors can still find opportunities in the form of tech stocks that pay a dividend and have a runway for growth. CNBC Pro recently screened FactSet data for stocks with the following criteria: Offer a dividend Have an upside to their consensus price target Have an average analyst rating of overweight or buy One name that fit the bill was semiconductor company Qualcomm . The stock’s 2% dividend yield is higher than the S & P 500’s 1.3%. Qualcomm has rallied about 15% this year, but analysts’ consensus prices suggest there additional upside of 7%. The company is expected to release its fiscal second-quarter results after the closing bell on Wednesday afternoon. Earlier this month, Benchmark initiated Qualcomm at a buy rating . “We believe Qualcomm is particularly well positioned to capitalize on the industry’s trends of shifting AI computational inferencing workloads to the very edges of the network, where the company is leveraging its strengths in wireless connectivity,” the firm wrote Oracle has a dividend yield of 1.4%. Analysts believe the cloud software firm could climb another 20% on top of the nearly 9% it’s already added this year. The company announced last week that it would be moving its world headquarters to Nashville , Tennessee, to establish a stronger footing in a major epicenter for the health-care industry. Oppenheimer initiated coverage of Oracle at a perform rating earlier this month, noting that the company seems to be a long-term beneficiary of secular software industry trends including generative artificial intelligence and digital transformation. With a dividend yield of 1.6%, Broadcom also made the list. Shares of the semiconductor manufacturer have soared 18% this year, but consensus shows they could have another 15% to go. Earlier in April, Barclays reiterated its overweight stance on shares of Broadcom, simultaneously lifting its price target to $1,500 from $1,405. This updated level implies a 12% upside for the stock. “Ultimately we come away with a valuable second opinion on the future of AI and a greater appreciation for the company’s many ways to win,” the firm wrote. Other notable tech winners included on the list are materials science technology company Corning and semiconductor manufacturer Analog Devices .
These tech stocks pay a dividend, have upside and are well liked by analysts
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