13 Best Technology Dividend Stocks to Invest in

9. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 64

An American semiconductor manufacturing company, Analog Devices, Inc. (NASDAQ:ADI) ranks ninth on our list of the best dividend technology stocks. The company develops and markets integrated circuits, software, and subsystems for a range of industries, including automotive, healthcare, and consumer electronics. Its offerings include data converters, power management tools, and MEMS technology. Recently, the company has focused on innovation through product launches and strategic collaborations, introducing developments like CodeFusion Studio and the ADI Assure Trusted Edge Security Architecture.

In the fourth quarter of 2024, Analog Devices, Inc. (NASDAQ:ADI) reported $2.42 billion in revenue—a 3.56% decline from the same period the previous year—but still exceeded analyst expectations by $63.55 million. The company saw quarter-over-quarter growth across its Industrial, Automotive, and Communications segments, while its Consumer division delivered double-digit growth year over year.

With a strong cash position, Analog Devices, Inc. (NASDAQ:ADI) remains an appealing choice for income-focused investors. The company posted $1.12 billion in operating cash flow for the quarter, representing 47% of total revenue, while free cash flow stood at $978 million, or 40% of revenue. On February 19, it announced an 8% increase in its quarterly dividend, raising the payout to $0.99 per share. Through this increase, the company stretched its dividend growth streak to 21 years. As of April 10, the stock has a dividend yield of 2.22%.