3 Tech Stocks to Buy for Passive Income

From Nasdaq: 2024-05-06 16:09:00

Investors are turning to dividend-paying tech stocks like Microsoft, Dell Technologies, and Apple for passive income and growth potential. Microsoft exceeded EPS estimates by 5% and sales by 2%, with analysts revising their earnings expectations positively. Apple reported a 1.3% EPS beat and approved a $110 billion buyback. Dell shares surged nearly 70% year-to-date, with a 25% increase in Zacks Consensus EPS estimate. All three companies offer increasing quarterly payouts, making them attractive for investors looking for dividends in the tech sector.

Looking to gain exposure to tech stocks with quarterly payouts? Consider Microsoft, Dell Technologies, and Apple, all of which have strong quarterly results and growth potential. Microsoft and Apple both boast positive earnings surprises and increased dividends, while Dell has seen strong share performance and analysts predicting a 25% increase in EPS estimate. For investors seeking a mix of growth and dividends, these tech giants fit the bill.



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