Top 10 Dow Dividend Stocks for March

These dividend yields will keep you safe in the face of high volatility

      View All  
Top 10 Dow Dividend Stocks for March

Top Dividend Stock #3: Intel (INTC)

intel Top 10 Dow Dividend Stocks for MarchDividend Yield: 3.58%
YTD Performance: -3.02%
52-Week Return: +17.75%

Intel (INTC) kicks off our top 3 dividend stocks again this month as one of the most recognizable names in the chipset industry. The company designs and manufactures computer processors and chips for use in products ranging from personal computers, phones, tablets and even medical devices.

Just last week, the company announced another quarterly dividend payout of 22.5 per share, which puts INTC’s yield right at 3.58%. However, echoes of the “PC is dead” crowd can still be heard, and as more consumers move from desktops to mobile devices, INTC has been forced to find other ways of increasing revenue.

When the company’s current CEO, Brian Krzanich, was appointed to the position in mid-2013, he stated that one of his main goals would be to broaden the reach of INTC’s chips into “more novel fields” such as wearable technology. As more of the devices we use every day become smarter and more highly connected to one another, they will require INTC’s chips and technology.

The “Internet of Things” is the term that was coined to describe the phenomenon of the increasing connection between technology and the ordinary items we used in our everyday lives. While fully-functional smart cars and smart houses are still a ways away from reality, analysts estimate that the Internet of Things could be worth $300 billion in just six years.

INTC is currently fighting to get a piece of that revenue, and when they do, you’ll feel even better about owning a stock that’s already paying you a yearly dividend of 90 cents per share.


Article printed from InvestorPlace Media, http://investorplace.com/2014/03/dow-dividend-stocks-march/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.