STMicroelectronics NV (STM)
It’s possible you own a product with an STMicroelectronics NV (STM) component already in it. The company makes semiconductors and microchips, but that description doesn’t do STM justice. STMicroelectronics makes high-performance hardware, like motion sensors used in many tablets and smartphones, and a satellite-location chip for use in handheld devices with geographical-locating capability.
And yes, the company is a supplier for Apple’s (AAPL) iPhone.
But those aren’t the only reasons an investor would want to own STM stock. What’s also compelling about STMicroelectronics is the fact that shareholders are collecting a 5.2% dividend yield annually on a 10-cent quarterly payout.