TurboTax Maker Intuit Leads 3 Cheap, Dividend-Paying Tech Stocks With Up to 151% Upside
Some of the best opportunities in tech may not be the stocks getting all the attention. Sometimes, it pays to look at the cheaper names hiding in plain sight. That is especially true for dividend inโฆ
Some of the best opportunities in tech may not be the stocks getting all the attention. Sometimes, it pays to look at the cheaper names hiding in plain sight.
That is especially true for dividend investors. A low valuation can be attractive, but cheap stocks can also stay cheap for a reason. The better setup is to find companies that still have earnings behind them, pay shareholders while they wait, and have enough analyst support to suggest the market may be overlooking something.
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With that in mind, I screened the S&P 500 Info Tech group for dividend-paying stocks trading at relatively low forward earnings multiples. The idea is simple: look for quality companies that may be overshadowed by the sector's bigger growth stories, yet still have enough going for them to warrant a closer look.
Usingย Barchart's Stock Screener, I selected the following filters to build my list:
Annual Dividend Yield % (FWD): Set at 1% or higher to find companies with meaningful payouts.
Price/Earnings (P/E) Forward: Below 30, a little under Info Tech's roughly ~33 forward P/E ratio.
Number of Analysts: 12 or more. The more, the merrier, since more analysts can give us a better read on the overall consensus.
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