Sponsored By:

4 Tech Stocks With Juicy Dividends

The space has been rocky lately but it looks like a good place to find nice yields.

      View All  

Lexmark International

lexmark international 185 4 Tech Stocks With Juicy DividendsLexmark International (LXK)
Yield: 3.3%

The company is in the midst of a major transformation. About a year ago, it announced that it was unloading its inkjet printing business, ultimately leading to a 13% reduction in the workforce.

To replace the revenues, the company has made a spate of acquisitions in areas like document management software and imaging, which attractive margins and bright growth opportunities. Lexmark will also benefit from its long-time focus on business customers. Revenues have remained a bit sluggish, though, falling by 3.5% to $886.7 million in Q2.

Still, there are encouraging signs that Lexmark’s software business is picking up momentum: Despite its challenges, the company continues to remain highly profitable. Net income came to $88.9 million in the latest quarter, up from $39.2 million in the same period a year ago.

And perhaps best of all for investors, Lexmark says it is committed to returning at least 50% of its cash free flows to shareholders.


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/4-techs-with-juicy-dividends/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.