Stocks on the move: M, TRNC, COTY >>> READ MORE

5 Sizzling Dividend Stocks So Far in 2013

These companies boast big payouts even after big runs

      View All  

Seagate Technology

Seagate STXYear-to-date gains: 61%
Dividend yield:

Another big climber and big yielder comes via hard-drive maker Seagate Technology (STX). This tech stock is sizzling, with gains of more than 61% in the book since Jan. 1.

Sure, Seagate stopped paying its dividend during the 2008-09 downturn, and waited until 2011 to reinstate it. But the refreshed dividend tallied 18 cents a quarter — 50% better than its final 2008 payout. And since then, the payout has already ballooned to 38 cents per share.

Even with STX sitting at all-time highs, that’s good for a yield north of 3%.

Plus, the dividend looks solid. The current 38-cent payout will tally a $1.52 per share payout for the full-year, which is less than 30% of expected earnings. And for the most recent fiscal year, which ended in July, Seagate’s total dividend used up only about a quarter of its free cash flow.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC