3 Dividend-Paying Tech Stocks to Buy for 2024
Technology stocks are known for a handful of common characteristics. Paying dividends is not one of them. These companies typically reinvest the bulk of their profits into developing new and better tech and attempting to grow their sales.
If you dig deep enough, though, you can find a handful of technology stocks that pay surprisingly solid dividends. Here are three you may want to consider stepping into before 2024 arrives. Buying now will help you take advantage of higher interest rates that not only work against growth companies but favor dividend-paying value stocks -- no matter what business they're in.
There's no denying that (NYSE: HPQ) (formerly known as Hewlett-Packard) isn't close to being the technology titan it once was. Neither consumers nor corporations buy computers as often as they used to. Further, in the early stages of the pandemic, there was a huge surge in computer purchases as people upgraded their machines so they could work and attend school remotely. That pulled a large volume of business forward, and the resulting ripples of lower demand are still being felt: HP's personal computer revenue fell 19% during the fiscal year that ended in October.
Source Fool.com
HP Inc. Stock
We see a rather positive sentiment for HP Inc. with 7 Buy predictions and 1 Sell predictions.
With a target price of 31 € there is a slightly positive potential of 17.05% for HP Inc. compared to the current price of 26.49 €.
