Below we shared the list of 5 best technology stocks that pay dividends. For our comprehensive coverage and a more expanded list please see 10 Best Technology Stocks That Pay Dividends.
5. Expedia Group Inc (NASDAQ: EXPE)
Hedge Funds: 64
Total Hedge Fund Holdings: $3.78 billion
Dividend Yield: 1.07%
Expedia is a world-wide travel fare aggregator with popular brands such as Trivago on its roster. If you’re thinking that the COVID-19 pandemic hasn’t been kind towards any travel oriented company, you’re right but Expedia is expected to bounce back quicker than other travel companies.
D.A Davidson’s Tom White recently advised that investors buy EXPE stock. Here’s why he thinks this stock can turn a profit:
Daniel Loeb’s Third Point capitalized on the stock’s low point. Third Point bought over 1.62 million shares of EXPE during Q3 of 2020, hoping to turn a profit on the travel platform’s depressed stock price. Recent vaccine development and vaccination effort has sent EXPE and similar stocks soaring by a significant percentage.