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3 Tech Stocks for Dividend Investors to Buy Right Now

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Tech stocks are likely to remain some of the most desirable on the market despite some recent volatility. But investors who want to be a part of the technology industry don’t just have to search for high-flying growth stocks. Instead, tech-minded investors can take a page out of the income investing book and focus on companies with solid dividends.

Finding a strong dividend-yielding tech stock might seem difficult, but investors should not feel too intimidated. For example, some of the biggest names in tech, Apple (AAPL - Free Report) and Microsoft (MSFT - Free Report) , both pay dividends. And dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener, which is a great one-stop screening tool for investors of all kinds.

By limiting our search to companies in our “Computer and Technology” sector with Zacks Rank #2 (Buy) or better rankings, we can ensure that we are finding the highest quality stocks to buy right now. Throw in your preferred dividend yield and you will find some of the best tech stocks for dividend investors to target!

Check out these three stocks to buy now:

1. Motorola Solutions, Inc. (MSI - Free Report)

Shares of Motorola Solutions surged in early February on the back of impressive fourth quarter financial results and have continued to climb to new 52-week highs since then, as part of a larger five-year run. The communication powerhouse has expanded beyond equipment, software, and services, into the Internet of Things, and more. MSI’s positive longer-term earnings estimate revision activity for fiscal 2019 and 2020, helps Motorola Solutions earn a Zacks Rank #2 (Buy) at the moment.

Motorola Solutions is also expected to see its current quarter revenue jump nearly 10%, based on our current Zacks Consensus Estimate, with full-year revenues projected to climb over 7%. The firm is also trading at a P/E of 18.4, which marks a significant discount to its industry’s 27.9 average. And in keeping with today’s theme, Motorola Solutions has consistently raised its quarterly dividend every year, with its current $0.57 a share payout up nearly 10% from the comparable period last year. Meanwhile, MSI’s dividend yield sits at 1.63% at the moment.

2. Cisco Systems, Inc. (CSCO - Free Report)

Cisco Systems is a Zacks Rank #2 (Buy) right now that pays a dividend yield of 2.63%. The historic networking and tech giant’s board declared a quarterly dividend of $0.35 per common share on February 13 to shareholders of record as of April 5, which will be payable on April 24. CSCO stock has also soared nearly 20% to start the year and reached a new 52-week high of over $51 a share on Wednesday.

Looking ahead, our Zacks Consensus calls for Cisco’s quarterly earnings to surge 16.7% on the back of 3.4% revenue growth. Plus, the company’s current full-year earnings are projected to climb 17.3%, with 10% bottom-line expansion expected in the following year. CSCO is also trading below its industry’s average P/E of 17.6 at 16.42.

3.  AVX Corporation (AVX - Free Report)

AVX Corporation is a U.S.-based manufacturer of passive electronic components. It primarily makes and sells capacitors and connectors for automotive braking, cell phones, and medical devices. AVX is a member of the Russell 2000 index. Right now, the stock boasts a Zacks Rank #1 (Strong Buy) rating and pays a dividend yield of 2.5%.

Earnings estimates are on the rise for the current fiscal year ending in March, as well as the following fiscal year. The company’s current-year earnings are projected to skyrocket 97.5%. AVX also has a solid track record of consistent dividends and has raised the payout a few times in recent years. On top of its strong Zacks Rank, AVX sports “B” grades for both Value and Momentum in of our Style Scores system. And it trades at under 11.8X earnings, which is a noticeable discount to its industry’s 15.4X average.

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