A trio of tech companies announced new dividends. Here’s what it means for the sector

[Pelican Press 0]

A trio of tech companies announced new dividends. Here’s what it means for the sector

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is a name that we have identified similar to Meta, where they have tremendous free cash flow generation and cash on the balance sheet, as well as buying back shares – but they haven’t initiated a dividend,” he said. Nevertheless, even as tech companies drive the 2024 rally, investors ought to watch for names that could be primed to begin kicking off a dividend. “These are very dynamic and durable businesses that have significant staying power because of their scale, size and financial profile,” Gaffney said. “They have balance sheets that are very strong and dependable to withstand any economic cyclicality that we can run into.”

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Dividends,Alphabet Inc,Booking Holdings Inc,Salesforce Inc,Meta Platforms Inc,Eaton Vance Dividend Builder Fund Class I,business news
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