Recent dividend increases by QUALCOMM, analog devices and microchip technology

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For investors looking for a combination of growth and reliable income, technology stocks with long dividend histories are particularly attractive. Here, we highlight three companies — QUALCOMM, Analog Devices, and Microchip Technology — that have recently announced dividend increases.

QUALCOMM

QUALCOMM Incorporated (NASDAQ:QCOM) develops and commercializes core wireless technologies worldwide. It operates through three segments: QCT (Qualcomm CDMA Technologies), QTL (Qualcomm Technology Licensing) and QSI (Qualcomm Strategic Initiatives). The QCT segment provides integrated circuits and system software for wireless voice and data communications, networking and computing products. The QTL segment licenses intellectual property for wireless products, while the QSI segment invests in early-stage companies in various industries, including 5G and artificial intelligence.

QUALCOMM has maintained dividend payments for 22 consecutive years and has raised them for 21. In April, the company increased its quarterly dividend by 6.2% to $0.85 per share, or $3.40 per year, 1.72%.

Shares are up more than 37% YTD, and the company has beaten consensus EPS and revenue estimates for the trailing three quarters. Over the last twelve months, QUALCOMM generated $36.4 billion in revenue and $8.38 billion in net income.

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Analog devices

Analog Devices, Inc. (NASDAQ:ADI) is a global leader in the semiconductor industry that designs, manufactures and sells integrated circuits (ICs), software and subsystems. The company provides data conversion, energy management and reference products for a variety of applications in the automotive, telecommunications, industrial and consumer markets.

Analog Devices has raised its dividend for 21 consecutive years. In February, the company raised its quarterly dividend by 7% to $0.92 per share, or $3.68 per year, 1.62%.

The stock is up over 15% YTD, and the company has beaten consensus EPS and revenue estimates over the past two quarters. Over the past twelve months, Analog Devices has generated $10.46 billion in revenue and $2.14 billion in net income.

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Microchip technology

Microchip Technology Incorporated (NASDAQ:MCHP) develops, manufactures and sells intelligent, connected and secure embedded control solutions worldwide. The company offers a range of microcontrollers and microprocessors for applications in automotive, industrial, computing, communications and other sectors.

Microchip has maintained dividend payments for 23 consecutive years and raised them for 12 years. In May, the company increased its quarterly dividend by 18% to $0.452 per share, or $1.808 per year, 2.01%.

Over the last twelve months, Microchip had revenue of $7.6 billion and net income of $1.9 billion.

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This article Latest Dividend Hikes by QUALCOMM, Analog Devices, and Microchip Technology originally appeared on Benzinga.com