5 Tech Stocks for Your Income Portfolio: Analog Devices, Inc. (ADI), Seagate Technology PLC (STX), STMicroelectronics N.V. (ADR) (STM)

Page 2 of 2

Emerson Electric Co. (NYSE:EMR) : The company recently won $33 million worth of a contract to automate Statoil Platform. The continued growth ensures that the company will keep up its dividends, which currently provide a 3 percent yield. The stock has grown 6 percent this year so far, and its 52 week growth stands at 10 percent. Emerson Electric is currently in a bullish phase as its stock recently created a new 52 week high. The run is likely to continue as the company reported strong quarterly results. For its fiscal first quarter, the stock reported 5 percent higher revenue while its EPS climbed 24 percent on a YoY basis. With its robust cash flows, the company is in solid position to keep up its dividend payments. Emerson Electric recently paid 41 cents per share in dividend.

Ericsson (ADR) (NASDAQ:ERIC): The Swedish company grew 21 percent this year so far and offered a 2.83 percent dividend yield to go with it, making it an attractive investment avenue. Ericsson is operational globally and provides multimedia solutions to fixed and mobile network operators. The dividend is in safe hands as it has a solid cash pile of $12 billion on its balance sheet. Its quarterly results also showed the positive side of the company as it surpassed its consensus estimates. Ericsson grew its sales 5 percent on a YoY basis and 23 percent sequentially. It also improved its margins. With robust growth prospects, the stock is likely to provide capital growth as well as good regular income in the form of dividends.

While some stocks may provide higher dividend yields, the payments may come at the cost of growth in share price, negating the benefits of choosing high dividend yielding stocks. The above list can act as a good initial point for selecting high yield and high growth stocks for your portfolio.

The article 5 Tech Stocks for Your Income Portfolio originally appeared on Fool.com and is written by Sujata Dutta.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Page 2 of 2