Which are the top five ASX-listed technology dividend stocks?

Summary

  • In general, technology companies invest heavily in R&D and business expansion, and thus, are focused more on growth and less on dividends.
  • For tech players providing dividends, the dividend amount distributed is relatively less compared to other industries.
  • Some of the top dividend-paying tech companies in ASX 200 include Computershare, Link Administration, Technology One, Altium and cochlear.

Technology stocks include companies engaged in the research, development or distribution of technology-based goods and services. Tech companies invest considerably in research and development and hence do not pay dividends in general. Even if they do, the dividend amount is relatively small.

Technology stocks mostly fall in the growth stocks category. Investors typically look at tech shares when their focus is on growth rather than earning income in the form of dividends.

On the ASX, WAAAX stocks are some of the big names in this space. While Afterpay (ASX:APT) and Xero (ASX:XRO) do not have a dividend-paying history since their respective ASX debut, WiseTech (ASX:WTC), Altium (ASX:ALU) and Appen (ASX:APX) have a history of paying dividends. However, the annual dividend yield is less than 1.5% for the three stocks.

Let us look at a few tech stocks from ASX 200 providing impressive dividend and decent annual dividend yield.               

Computershare Limited (ASX:CPU)

Computershare Limited is a prominent player in transfer agency & shares registration, employee equity plans, proxy solicitation and stakeholder communications. The Company also specialises in corporate trust, mortgage, bankruptcy, class action, utility and tax voucher administration and several other diversified financial and governance services.

Since 2015, CPU has consistently provided a dividend to its shareholders. As of 16 June 2021, the Company has an annual dividend yield of 2.81% and a PE ratio of 38.1x.

In 1H FY2021, the Company paid a dividend of AU$0.230 on 18 March 2021.

Source: © Copyright 2021 Kalkine Media, Source: ASX

Link Administration Holdings Limited (ASX:LNK)

Link Administration Holdings Limited is the leading provider of scaled, technology-enabled administration solutions. It has more than 6,500 employees who are supporting the business.  LNK made its ASX debut on 27 October 2015, and since 2016, it has provided a dividend to its shareholders.

As of 16 June 2021, LNK has an annual dividend yield of 1.62%. In 1H FY2021, the Company paid a dividend of AU$0.045 (60% franked) on 09 April 2021.

Source: © Copyright 2021 Kalkine Media, Source: ASX

DO READ: Technology Charter: S&P/ASX All Technology Index - XRO, CPU, ALU, LNK, CL1, NXT

Technology One Limited (ASX:TNE)

Technology One Limited is the largest enterprise Software as a Service company with offices across six nations. The SaaS technology offered by TNE transforms business and makes life simple for its clients that offer robust, well-integrated enterprise software that is very easy to use. The Company provide services to more than 1200 top businesses, govt departments and statutory authorities.

Since 2015, the Company has paid a dividend to its shareholders. In 1H FY2021, TNE announced an interim dividend of AU$0.038 (to be paid on 18 June).  As of 16 June 2021, TNE has an annual dividend yield of 1.50% and a PE ratio of 39.3x.

Source: © Copyright 2021 Kalkine Media, Source: ASX

Altium Limited (ASX:ALU)

Altium Limited is a multinational software company that focuses on electronics design systems for 3D PCB design and embedded system development. The Company is headquartered in San Diego, California and offers a unique range of technologies that help businesses and design communities to innovate, collaborate and create connected products within time and budget.

Since 2015, the Company has provided a dividend to its shareholders.  In 1H FY2021, the Company paid an interim dividend of AU$0.190 on 23 March 2021. As of 16 June 2021, ALU has an annual dividend yield of 1.10 and a PE ratio of 142.8x.

Source: © Copyright 2021 Kalkine Media, Source: ASX

Cochlear Limited (ASX:COH)

Cochlear Limited is a global leader in implantable hearing solutions.  The Company provides over 550,000 implantable devices and supports people of different age groups to lead full and active lives. Cochlear helps people with solutions that help them to hear and connect them to others. COH innovates and brings various implantable hearing solutions that provide a lifetime of hearing results.

Cochlear is also a consistent dividend payer, and in 1H FY2021, the Company paid an interim dividend of AU$1.150 on 20 April 2021. As of 16 June 2021, COH has an annual dividend yield of 1.14%.

Source: © Copyright 2021 Kalkine Media, Source: ASX

Stock Information (As of 16 June 2021)

Source: ASX


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   

Kalkine

Rated 4.3/5 based on 904 Reviews at Google My Business
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK