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Recent dividend increases from QUALCOMM, Analog Devices and Microchip Technology

Recent dividend increases from QUALCOMM, Analog Devices and Microchip Technology

Recent dividend increases from QUALCOMM, Analog Devices and Microchip Technology

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For investors looking for a mix of growth and reliable income, technology stocks with long dividend histories are particularly attractive. Here we highlight three companies – QUALCOMM, Analog Devices and Microchip Technology – that recently announced dividend increases.

QUALCOMM

QUALCOMM Incorporated (NASDAQ:QCOM) develops and markets foundational wireless technologies worldwide. The company operates in three segments: QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing) and QSI (Qualcomm Strategic Initiatives). The QCT segment provides integrated circuits and system software for wireless voice and data communications, networking and computing products. The QTL segment licenses intellectual property for wireless products, while the QSI segment invests in early-stage companies in various industries, including 5G and AI.

QUALCOMM has maintained dividend payments for 22 consecutive years and increased them for 21. In April, the company increased its quarterly dividend by 6.2% to $0.85 per share, or $3.40 annually, representing a yield of 1.72%.

The stock is up more than 37% year-to-date, and the company has beaten consensus estimates for earnings per share and revenue over the past three quarters. Over the past twelve months, QUALCOMM generated revenue of $36.4 billion and net income of $8.38 billion.

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Analog devices

Analog Devices, Inc. (NASDAQ:ADI) is a global semiconductor leader that designs, manufactures, and markets integrated circuits (ICs), software, and subsystems. The company provides data conversion products, power management, and reference products for various automotive, communications, industrial, and consumer applications.

Analog Devices has increased its dividend for 21 consecutive years. In February, the company increased its quarterly dividend by 7% to $0.92 per share, or $3.68 annually, an increase of 1.62%.

The stock is up more than 15% year-to-date, and the company has beaten consensus estimates for earnings per share and revenue in the last two quarters. Over the last twelve months, Analog Devices generated revenue of $10.46 billion and net income of $2.14 billion.

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Microchip technology

Microchip Technology Incorporated (NASDAQ:MCHP) designs, manufactures, and markets intelligent, connected, and secure embedded control solutions worldwide. The company offers a range of microcontrollers and microprocessors for automotive, industrial, computing, communications, and other applications.

Microchip has maintained dividend payments for 23 consecutive years and increased them for 12. In May, the company increased its quarterly dividend by 18% to $0.452 per share, or $1.808 annually, a yield of 2.01%.

In the last twelve months, Microchip had revenue of $7.6 billion and net income of $1.9 billion.

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This article, “Recent Dividend Increases from QUALCOMM, Analog Devices and Microchip Technology” originally appeared on Benzinga.com

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