3 Dividend-Paying Tech Stocks to Buy in July
It's official: The first half of 2022 was the worst performance for the start of a year since 1970. The S&P 500 Index fell 20.6%, and the Nasdaq Composite fared even worse with a negative 29.5% return. Investors are fretting over inflation and whether the U.S. Federal Reserve's aggressive monetary tightening policy will push the economy into recession.
In uncertain times, refocusing on the fundamentals can help. Well-established companies that generate ample profits and return it to investors via dividends and share repurchases can smooth out portfolio performance -- not to mention tee up strong returns once the economic clouds clear up. Three stocks that look like timely buys right now are IBM (NYSE: IBM), Qualcomm (NASDAQ: QCOM), and Skyworks Solutions (NASDAQ: SWKS). Here's why.
To be sure, IBM is no market-beating stock. In fact, it barely made shareholders any money for a long time, putting up a measly 11.7% total return (which includes dividends) over the last decade. But the old computing and software company is showing new signs of life. It actually managed a rare positive return in the first half of 2022, up 8.3% when including dividend payments.
Source Fool.com
