Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. In addition, all three boast strong growth profiles paired with favorable Zacks Ranks, undoubtedly a strong pairing. Many technology stocks, including – NVIDIA ( NVDA Quick Quote NVDA - Free Report), NetEase ( NTES Quick Quote NTES - Free Report), and Roper Technologies ( ROP Quick Quote ROP - Free Report) – all provide a passive income stream. While many income-focused investors target sectors such as utilities, finance, or consumer staples, the technology sector shouldn’t be forgotten. As we can see in the chart below, shares have recently bounced nicely off the level in the last two instances. Still, the company’s 10.6% five-year annualized dividend growth rate helps pick up the slack in a big way.įor those looking for a potential entry point into ROP shares, the 50-day moving average could be considered. ROP shares yield 0.6% annually currently, a tick below the Zacks sector average. Currently, the stock is a Zacks Rank #2 (Buy). designs, manufactures, and distributes engineered products and solutions and software. Quarterly revenue totaled $3.6 billion, ahead of expectations and slightly lower than the year-ago figure. The company posted results well above expectations in its latest release, delivering a 30% EPS beat. The company has had little issue increasingly rewarding shareholders, boasting a 32% five-year annualized dividend growth rate. NTES shares currently yield 1.9% annually, more than double that of the Zacks Computer and Technology sector average. Analysts have taken a bullish stance on the company’s earnings outlook, pushing the stock into a Zacks Rank #1 (Strong Buy). NetEase is an Internet technology company engaged in the development of applications, services, and other technologies for the Internet in China. Still, investors have had little issue forking up the premium thanks to the company’s remarkable growth profile. It’s no secret that NVDA shares are pricey, currently trading at a 55.9X forward earnings multiple. Still, the company’s remarkable growth trajectory helps pick up the slack, with earnings forecasted to soar 130% in FY24 and a further 33% in FY25. NVDA’s annual dividend presently yields a small 0.04%, lower than the Zacks Computer and Technology sector average. The stock presently sports the highly-coveted Zacks Rank #1 (Strong Buy). NVIDIA gripped the entire market following its latest blowout quarter, with the company posting results well above expectations and providing significant bullish revenue guidance. In addition, all three sport a favorable Zacks Rank, indicating near-term optimism among analysts. However, three exciting large-cap technology companies – NVIDIA ( NVDA Quick Quote NVDA - Free Report), NetEase ( NTES Quick Quote NTES - Free Report), and Roper Technologies ( ROP Quick Quote ROP - Free Report) – all provide investors with dividend payouts. The technology sector is generally not targeted by income investors, as it’s common for companies within the sector to utilize their cash to fuel growth and future opportunities. Still, a fair number of technology companies also reward their investors handsomely. Companies within these three sectors often generate stable cash flows and deliver consistent earnings growth, helping vault them to the top of all income investors’ watchlists. Investors with a knack for dividends often target the utilities, finance, or consumer staples sectors.
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