5 Tech Stocks that Pay Dividends

3. HP Inc. (NYSE: HPQ)

Number of Hedge Fund Holders: 39
Dividend Yield: 2.68%

HP Inc. (NYSE: HPQ) is a computer hardware company based in the US and operating internationally to offer a range of electronic products and services, like laptops and computers. The company ranks 3rd on our list of tech stocks that pay dividends.

As of this August, Morgan Stanley holds an Equal Weight rating on shares of HP Inc. (NYSE: HPQ) alongside a price target of $31.

In the fiscal third quarter of 2021, HP Inc. (NYSE: HPQ) had an EPS of $1, beating estimates by $0.16. The company’s revenue was $15.29 billion, up 6.96% year over year but missing estimates by $626.38 million. HP Inc. (NYSE: HPQ) has gained 21.94% year to date and 50.38% in the past year.

By the end of the second quarter of 2021, 39 hedge funds out of the 873 tracked by Insider Monkey held stakes in HP Inc. (NYSE: HPQ) worth roughly $1.3 billion. This is compared to 43 hedge funds in the previous quarter with a total stake value of approximately $1.5 billion.