Top 10 ASX-listed tech stocks with highest dividend yield

Highlights

• Dividends are paid to shareholders regularly by well-established companies in the form of interim or final dividends.
• It can be paid out in the form of cash or additional stock.
• Some tech companies like Ambertech, and CPT Global, among others, have already paid a dividend this year.

A dividend is a portion of a company's earnings that the company gives to its shareholders from its surplus profit. The company's board of directors determines the dividends.

Dividends are paid to shareholders regularly by well-established companies in the form of interim or final dividends. On the other hand, a company does not necessarily need to pay a dividend to its stockholders, and a dividend can be paid out in cash or additional stock.

In this article, we will look at the 10 information technology companies that are into software & IT services, electronic equipment, instruments & components and have the highest dividend yield.

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Ambertech Ltd (ASX:AMO)

Ambertech Limited (ASX:AMO) is a New Zealand and Australian reseller of audio-visual (AV) solutions. The company specialises in high-tech audiovisual and communication solutions for media and communications, professional broadcast, live sound production, sound recording, music instruments, residential and commercial installations, and home entertainment.

The company, listed on ASX on 10 December 2004, has an annual dividend yield of 7.94%. The tech firm last paid a dividend of AU$0.015 per share on 31 March 2022.

CPT Global Ltd (ASX:CGO)

CPT Global Limited specialises in providing information technology (IT) consulting services. Australia, Europe, and North America are the company's segments.

The company’s annual dividend stands at 8.18%. On 31 March 2022, CPT Global last paid a dividend of AU$0.015 per share to its shareholders.

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Reckon Ltd (ASX:RKN)

Reckon Limited (ASX:RKN), based in New South Wales, Australia, provides software solutions in the Business and Practice Management area. 'Reckon One' for small business accounting, 'Reckon Accounts Hosted' for large business accounting, and 'Reckon Accounts Desktop' for desktop accounting, among others, are part of the company's business solutions segment.

Reckon paid an interim dividend of AU$0.020 each share on 25 March 2022. The company has an annual dividend yield of 5.61%.

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Codan Ltd (ASX:CDA)

Founded in 1959, Adelaide-headquartered Codan is in the business of manufacturing and supplying communications, metal detection, and mining technologies.

The company paid a fully franked dividend of AU$0.130 per share on 10 March 2022. It has an annual yield of 4.01%.

Also Read: Codan (ASX:CDA) shares fall despite highest half-year profit in history

Adacel Technologies Ltd (ASX:ADA)

Adacel is a software and services company which was listed on ASX on 27 February 1998. The company specialises in simulation and control systems for the defence and aerospace industries, including operations like air traffic management and control. It has a software products and systems business and a services segment that deals with simulator operators, voice recognition, and other services.

The company announced to pay a dividend of AU$0.027 per share on 26 April 2022. Adacel has an annual dividend yield of 5.35%.

Infomedia Ltd (ASX:IFM)

Infomedia Limited (ASX:IFM) is a technology firm that aspires to be a global provider of automotive-related SaaS solutions. It specialises in after-sales system innovation and offers Software as a Service (SaaS) across Asia Pacific, Europe, the Middle East, and Africa (EMEA), and North America.

Infomedia has an annual dividend yield of 3.56%. It paid a dividend of AU$0.026 per share, franked to 70% on 22 March 2022.

Iress Ltd (ASX:IRE)

IRESS Limited is an Australian fintech firm that supplies financial institutions with information technology and management services. It owns and operates business worldwide with two key divisions: Financial Markets in the Asia Pacific and Wealth Management across Australia, New Zealand, United Kingdom, South Africa, and Canada.

Iress has an annual dividend yield of 3.88%. The company paid a dividend of AU$0.30 per share, franked to 15% on 18 March 2022.

Data#3 Limited (ASX: DTL)

Data#3 is an Australian IT services and solutions company dedicated to assisting customers in overcoming complex business challenges. The company, which was listed on ASX on 23 December 1997, provides vendor technologies in a wide range of solutions, including cloud, mobility, security, data & analytics, and IT lifecycle management.

The company paid a fully franked dividend of AU$0.072 per share on 31 March 2022. It has an annual dividend yield of 2.92%.

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Dicker Data Limited (ASX: DDR)

Dicker Data is an Australian and New Zealand-based information technology firm that specialises in IT hardware distribution.

On 1 March 2022, the company paid a fully franked dividend of AU$0.15 for each share. The company has an annual dividend yield of 2.91%.

Link Administration Holdings Ltd (ASX:LNK)

Link Administration Holdings is a technological solutions provider based in Australia. It specialises in providing a tailored solution to fit the client's specific needs. The company was listed on 27 October 2015 on ASX.

The company, which has an annual dividend yield of 1.63%, decided to pay a fully franked dividend of AU$0.030 per share on 8 April 2022.

Also Read: ALU, APX, CDA: How these ASX tech stocks are faring as bond yields jump