Dividends come with many great perks, with the payouts essentially reflecting a form of ‘payday’ in the market. Technology sector stocks are often overlooked by income-focused investors, as these companies commonly use spare cash to fuel further growth.
And several stocks with favorable AI tailwinds – Broadcom (AVGO - Free Report) and Vertiv (VRT - Free Report) – shell out dividend payments. For those interested in getting paid with some AI exposure, let’s take a quick look at each.
Vertiv Benefits from Data Center Buildout
Vertiv, a current Zacks Rank #2 (Buy), provides services for data centers, communication networks, and commercial and industrial facilities with a portfolio of power, cooling, and IT infrastructure solutions and services.
While shares currently yield a modest 0.1% annually, the stock still reflects a strong play for those seeking a combination of growth and yield. Keep in mind that the company is soon to report quarterly results, with our current consensus expectations suggesting 46% earnings growth on 40% higher sales.
Broadcom Posts Record Revenue
Broadcom has quickly entered the AI race, evolving a broad portfolio of technologies to extend its leadership in enabling next-generation AI infrastructure. Shares currently yield 0.8% annually, with the company sporting a shareholder-friendly 13.3% five-year annualized dividend growth rate.
The stock has long been a favorite among those seeking tech exposure paired with paydays, with the company’s strong cash-generating abilities allowing it to consistently reward shareholders over its history.
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