These tech stocks are reliable payers

Article Excerpt

Concerns that rising interest rates will prompt businesses to spend less on new computer technology has hurt all tech stocks. However, Intel and IBM are in a strong position to endure a downturn without cutting your dividend. INTEL CORP. $37 is a buy. The world’s largest chipmaker (Nasdaq symbol INTC); Conservative Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.1 billion; Market cap: $151.7 billion; Dividend yield: 3.9%; Dividend Sustainability Rating: Above Average; www.intel.com) last raised its quarterly dividend by 5.0% with the March 2022 payment, to $0.365 a share from $0.3475. The new annual rate of $1.46 yields 3.9%. Intel announced a new strategic plan in 2021, which mainly involves improving its technical expertise and expanding its ability to make chips for other companies. As part of that strategy, it is buying Tower Semiconductor Ltd. (Nasdaq symbol TSEM) for $5.4 billion. Based in Israel, Tower makes a variety of analog chips, which convert touch, sound and pressure into electronic signals that computers can understand…

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