5 Growing Tech Stocks To Consider For Their Dividends

This article will evaluate 5 dividend-paying tech stocks to determine if they belong in your portfolio. Sophisticated investors should take advantage of these tech names because they -- and their dividends -- are growing. Harris Corporation (HRS) has a market cap of $4.42 billion with a price-to-earnings ratio of 7.99. The stock has traded in a 52-week range between $32.68 and $53.39. The stock is currently trading around $37. The company reported second-quarter revenues of $1.67 billion compared to revenues of $1.46 billion in the second quarter of 2010. Second-quarter net income was $134 million compared to net income of $151 million in the second quarter of 2010. One of HRS’ competitors is the Boeing Company (BA). BA is currently trading around $64 with a market cap of $47.45 billion and a price-to-earnings ratio of 13.51. Boeing pays a dividend which yields 2.6%, versus HRS, whose dividend yields 3.1%. HRS is an international communications and information technology company that serves the government and private industry. The company has been profitable in each of the last ten years. Over the last five years the company has increased its net income by 136%. The company has also been an above-average dividend-paying company. HRS has paid quarterly dividends since 1982, and has increased its dividend in each of the last five years by a total of 212.5%. The stock price has not performed well this year. Over the last 52 weeks, the stock is down by 17.3%, but it is up by 16.2% over the last three years. The stock is currently in a downward trend, but I believe that the company is solid, and that the stock will eventually rebound. I would not buy this stock now, but would reconsider when it breaks out of its downward trend. I rate HRS as a hold.... Read more