5 Best Technology Stocks That Pay Dividends

2. Apple Inc (NASDAQ: AAPL)

Hedge Funds: 134
Total Hedge Fund Holdings: $127.3 billion
Dividend Yield: 0.61%

With their constant innovation output, Apple might seem like a company with endless momentum. And indeed, on the financial side of things, the company hasn’t lost its edge. In the Q3 2020 Investor Letter, Alger Spectra Fund Fund highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here’s what they had to say:

“Apple is a leading technology provider in telecommunications, computing and services. Apple’s iOS operating system is the company’s unique intellectual property and competitive strength. This software drives extremely tight engagement with consumers and enterprises. This tight engagement is facilitating significant growth in high-margin services like streaming music. apps. and Apple Pay. Apple’s continued development of high-margin services and earnings streams for wearable devices as well as the potential contribution of 5G phones to the company’s growth supported the performance of Apple shares.”

The company has been enjoying an increase in hedge fund interest, seeing 134 funds holding $127.30 billion worth of stock, up from 128 funds with stakes worth $106 billion a quarter earlier.