5 Tech Stocks that Pay Dividends

4. Watsco, Inc. (NYSE: WSO)

Number of Hedge Fund Holders: 26
Dividend Yield: 2.8%

Watsco, Inc. (NYSE: WSO) is the largest distributor of air conditioning, heating, and related equipment and products in the US. The company ranks 4th on our list of tech stocks that pay dividends and manufactures parts, components, and tools used in the HVAC/R industry.

Loop Capital has a Hold rating on shares of Watsco, Inc. (NYSE: WSO) as of this August, alongside a $300 price target.

In the second quarter of 2021, Watsco, Inc. (NYSE: WSO) had an EPS of $3.71, beating estimates by $0.65. The company’s revenue was $1.85 billion, up 36.47% year over year and beating estimates by $173.75 million. Watsco, Inc. (NYSE: WSO) has gained 11.07% in the past 6 months and 23.53% year to date.

By the end of the second quarter of 2021, 26 hedge funds out of the 873 tracked by Insider Monkey held stakes in Watsco, Inc. (NYSE: WSO) worth roughly $306 million. This is compared to 22 hedge funds in the previous quarter with a total stake value of approximately $280 million.