Alphabet is the latest tech giant to join the dividend-paying club, a slew of names that analysts say could offer investors a combination of growth and income. Google’s parent company announced last week that its board of directors approved a dividend of 20 cents per share, which will be paid on June 17 to shareholders of record as of June 10. The news came as first-quarter earnings grew, sending Alphabet shares up 10% on Friday. All eyes will be on technology stocks this week, with Amazon and Apple set to report earnings after the close on Tuesday and Thursday, respectively. After a strong rally at the beginning of the year, technology stocks have been volatile in recent weeks as investor concerns about high valuations surfaced. Still, the S&P 500 information technology sector is up more than 8% this year. Investors can still find opportunities in the form of technology stocks that pay dividends and have a runway for growth. CNBC Pro recently screened FactSet data for stocks based on the following criteria: Provides dividend consensus price target Has room for upside Average analyst rating is “overweight” or “buy” One name that fits the bill is semiconductor company Qualcomm. The stock’s 2% dividend yield is higher than the S&P 500’s 1.3%. Qualcomm shares are up about 15% this year, but analyst price consensus suggests there is room for an additional 7% upside. The company is expected to release fiscal second-quarter results after the market close on Wednesday afternoon. Earlier this month, Benchmark gave Qualcomm a buy rating. “We believe Qualcomm is uniquely positioned to capitalize on industry trends that move AI computing inference workloads to the very edge of the network, where the company is leveraging its strength in wireless connectivity,” the company wrote. Oracle’s dividend yield is 1.4%. Analysts believe the cloud software company could gain another 20% on top of its nearly 9% gain this year. The company announced last week that it will move its global headquarters to Nashville, Tenn., to gain a foothold in a major hub for the health care industry. Oppenheimer initiated its rating on Oracle earlier this month, noting that the company appears to be a long-term beneficiary of long-term software industry trends such as artificial intelligence and digital transformation. Broadcom also made the list with a dividend yield of 1.6%. The semiconductor maker’s shares have soared 18% this year, but consensus believes they could rise another 15%. In early April, Barclays reiterated its overweight position on Broadcom stock while raising its price target to $1,500 from $1,405. This updated level implies upside potential of 12% for the stock. “Ultimately, we gained a valuable second opinion on the future of artificial intelligence and a heightened appreciation for the many ways the company won,” the company wrote. Other notable tech winners on the list include materials science technology company Corning Incorporated and Semiconductor manufacturer Analog Devices.
