The technology services sector is a rapidly growing industry that has seen significant growth in recent years. With the rise of cloud computing, artificial intelligence, and the Internet of Things (IoT), the sector is poised for continued growth. In this article, we will explore the top 5 technology services dividend stocks to invest in 2024. These stocks offer both growth and a steady income stream, making them an attractive option for investors looking to diversify their portfolio.
Key Takeaways
- The technology services sector is one of the fastest-growing sectors in recent years.
- The top 5 technology services dividend stocks to invest in 2024 are Cisco Systems Inc., Accenture plc, Oracle Corporation, Microsoft Corporation, and Tencent Holdings Limited.
- These stocks offer both growth and a steady income stream, making them an attractive option for investors looking to diversify their portfolio.
- Investing in technology services dividend stocks is a great way to generate passive income while also benefiting from the growth potential of the sector.
- The dividend yields of these stocks range from 0.72% to 2.96%.
- If you invest $1000 in these stocks, you can expect to earn between $7.20 and $29.60 in dividends annually.
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Top 5 Technology Services Dividend Stocks to Invest in 2024
1. Cisco Systems Inc. (CSCO)
With a dividend yield of 2.96%, Cisco Systems Inc(NYSE: CSCO). is a leading provider of networking hardware, software, and services. The company has a long history of paying dividends and has increased its dividend payout for the past 10 years.
If you invest $1000 in CSCO, you can expect to earn $29.60 in dividends annually.
2. Accenture PLC (ACN)
Accenture plc (NYSE: ACN) is a leading provider of consulting, technology, and outsourcing services. With a dividend yield of 1.38%, the company has a strong track record of paying dividends and has increased its dividend payout for the past 10 years.
If you invest $1000 in ACN, you can expect to earn $13.80 in dividends annually.
3. Oracle Corporation (ORCL)
Oracle Corporation(NYSE: ORCL) is a leading provider of enterprise software and computer hardware products and services. With a dividend yield of 1.28%, the company has a strong track record of paying dividends and has increased its dividend payout for the past 10 years.
If you invest $1000 in ORCL, you can expect to earn $12.80 in dividends annually.
4. Microsoft Corporation (MSFT)
Microsoft Corporation(NYSE: MSFT) is a leading provider of computer software, consumer electronics, and personal computers. With a dividend yield of 0.80%, the company has a strong track record of paying dividends and has increased its dividend payout for the past 10 years.
If you invest $1000 in MSFT, you can expect to earn $8.00 in dividends annually.
5. Tencent Holdings Limited (TCTZF)
Tencent Holdings Limited (OTCMKTS: TCTZF) is a leading provider of internet value-added services, mobile payments, and online advertising services. With a dividend yield of 0.72%, the company has a strong track record of paying dividends and has increased its dividend payout for the past 5 years.
If you invest $1000 in TCTZF, you can expect to earn $7.20 in dividends annually.
Conclusion
Investing in technology services dividend stocks is a great way to generate passive income while also benefiting from the growth potential of the sector. The top 5 technology services dividend stocks to invest in 2024 are Cisco Systems Inc., Accenture plc, Oracle Corporation, Microsoft Corporation, and Tencent Holdings Limited. These stocks offer both growth and a steady income stream, making them an attractive option for investors looking to diversify their portfolio. Remember to do your own research before investing and consult with a financial advisor if you have any questions.
