5 Best Technology Stocks That Pay Dividends

1. Microsoft Corporation (NASDAQ: MSFT)

Hedge Funds: 234
Total Hedge Fund Holdings: $42.1 billion
Dividend Yield: 0.93 %

The world’s largest software company recently landed a spot in billionaire David Siegel’s top 5 stock picks and for a good reason. Hedge funds like that Microsoft has been able to successfully diversify and better monetize its portfolio of products and services in recent years while pushing them onto the cloud, keeping up with modern tendencies and business demands. Daniel Loeb’s Third Point also bough 1.1 million shares in the company after previously selling out its 660 000 shares holdings

In a Q4 2020 Investor Letter, Wedgewood Partners highlighted a few stocks and Microsoft was also mentioned in the letter. Here’s what they had to say:

“Microsoft continued to generate solid double-digit top-line, and operating earnings growth. The Company’s all-encompassing portfolio of “hybrid” cloud solutions is compelling for customers as IT organizations vacillate between on-premises and off-premises (and then likely on-premises again). For example, Microsoft 365 has added an array of features to make remote work easier, yet, as customer applications grow in compute intensity, those customers’ on-premises and edge computing topologies retain or grow in importance. Microsoft’s strategic pivot to be more customer-friendly and collaborative will sustain its growth and returns for several more years so we are happy with our position.”

Please also see 10 Best Dividend Paying Stocks Under $50 and Top 15 Dividend Stocks With Upside Potential

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