2 Dividend-Paying Tech Stocks to Buy in July
Chip stocks have experienced choppy trading action this year, but the PHLX Semiconductor Sector Index has managed to stay above water. It's returned over 17% year to date and has more than doubled over the last two years.
Prospects for more gains look favorable. World Semiconductor Trade Statistics calls for the chip market to increase by 19.7% in 2021 and by 8.8% in 2022. Chips have become the fundamental building blocks of the global economy, with technologies like Internet of Things (IoT), artificial intelligence (AI), and 5G wireless connectivity becoming more pervasive. Investors can not only ride these trends to decent returns, but there are some very profitable semiconductor companies that have a record of paying regular dividends too.
Texas Instruments (NASDAQ: TXN) and Taiwan Semiconductor Manufacturing (NYSE: TSM) are two great dividend-paying tech stocks to consider buying shares of today.
Source Fool.com
