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3 Tech Stocks to Buy for the Dividends

Barchart·10/27/2026 12:41:50

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Growth investors have long looked to technology stocks for outsized returns. While virtually every sector is certainly capable of delivering growth, no other slice of the market is more willing than tech companies to funnel most if not all of their cash into research, development, marketing, and anything else they can to take market share.

And that's exactly why tech dividend stocks stand out.

Yes, technology companies can walk and chew gum at the same time (metaphorically speaking). It happens more often than you realize. Some of the market's largest tech names, including Apple (AAPL) and Nvidia (NVDA), pay at least some portion of their cash directly back to shareholders. Sure, it's unusual to find meaningful sources of yield in this sector ... but it's not impossible.

Today, let's look at some of the best tech dividend stocks you can buy. The companies on this list are among some of Wall Street's favorite ways to invest in the sector, not just for their ability to keep growing, but also for their above-average (to high) levels of dividend income.

Disclaimer: This article does not constitute individualized investment advice. Individual securities, funds, and/or other investments appear for your consideration and not as personalized investment recommendations. Act at your own discretion.

How I Picked These Tech Dividend Stocks

This list of the best technology dividend stocks is pretty straightforward, selected based on the following criteria:

Market cap: I started with a selection universe of companies listed on major U.S. exchanges with a market capitalization of at least $300 million, which is the bottom of the range for small-cap stocks. (Stocks smaller than that can be considered small caps, but are often broken out into micro- and nano-cap stocks.)

Wall Street rating: From there, I excluded any company with a consensus analyst rating (provided by S&P Global Market Intelligence) of Hold or below. S&P boils down consensus ratings down to a numerical system where …

1 to 1.5: Strong Buy
1.5 to 2.5: Buy
2.5 to 3.5: Hold
3.5 to 4.5: Sell
4.5 to 5: Strong Sell

Indeed, every tech dividend stock on this list has a rating of 2 or less, indicating that at worst they enjoy a very firm consensus Buy rating, if not an outright Strong Buy rating.

Dividend yield: I then looked for stocks that yield more than the broader market, using the S&P 500 as a proxy. The S&P 500 currently yields 1%, so I excluded any stocks yielding less than 1.5% to give me a little wiggle room if the market's yield expands. And, in fact, no stock on this list currently yields less than 2%.

Now, let's take a look at the stocks, which are listed in descending order of their consensus rating (from the "worst" rating to the best.)

Amdocs

Market cap: $6.6 billion
Dividend yield: 3.6%
Consensus analyst rating: 2.00 (Buy)

Amdocs (DOX) provides software and services primarily to communications, media, and financial services providers, offering solutions to "accelerate our customers' migration to the cloud, differentiate in the 5G era, digitalize and automate their operations," and a number of other buzzterms that are better understood by explaining what Amdocs actually does for various industries.

For instance, its Monetization products enable a range of e-commerce abilities, such as billing and partner lifecycle management. And its OTT & digital subscription products help media companies store content on the cloud, bill for subscriptions, and manage digital IDs.

"Amdocs's high level of revenue visibility, solid execution, share buybacks, and dividends should support a premium valuation versus the market," says Oppenheimer analyst Timothy Horan, who rates the stock at Buy. "We view the company as the predominant global player in the billing and customer experience space for telcos, with a demonstrated ability to execute large-scale and complex projects."

DOX has had a miserable run over the past year or so, losing about a quarter of its value as Wall Street worries about AI's potential to gobble up various slivers of the software pie. It has also lost multiple key personnel: CEO Shuky Sheffer exited at the end of March, and the company announced in April that its longtime CFO/COO was stepping down.

However, Amdocs continues to keep the pedal down on dividend growth. DOX has improved its payout on an annual basis for more than a decade, including an 8% raise, to 56.9¢ per share, announced in February 2026. Amdocs doesn't have much of a covering crowd—it has three Buy calls against three Holds and no Sells—but that dividend is at least part of the bulls' thesis.

"Amdocs is a total return story, where the company is focused on generating roughly a 10% return for investors through a combination of [earnings per share] growth and the dividend yield," say Stifel's Shlomo Rosenbaum and Aadit Shrestha (Buy). "We expect the revenue growth to trend upward over the next few years, and this improvement together with the consistency of margin expansion, earnings growth and [free cash flow] generation should result in the shares resuming historical average valuation multiples."

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Microchip Technology

Market cap: $41.2 billion
Dividend yield: 2.5%
Consensus analyst rating: 1.54 (Buy)

Technology-sector weakness hasn't spared semiconductor companies, either. But Wall Street remains bullish on several chip names, including a couple that belong among the best tech dividend stocks, too.

Microchip Technology (MCHP), for instance, is an Arizona-based producer of microcontrollers, analog semiconductors, and a number of other components. Its products are used across a variety of industries, including automotive, industrial, computing, communications, lighting, motor control, thermal management, radio frequency (RF), and more. Admittedly, MCHP isn't your standard AI or smart-device play, but it's still exposed to many of the tech trends investors want to see.

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"MCHP has established a highly diversified, high-performance analog and embedded computing business model, with an impressively diverse revenue base across multiple metrics," say Stifel analysts Tore Svanberg and Kyle Smith (Buy). They point out that Microchip Technology is leveraged to six secular megatrends in semiconductors, including networking/connectivity, edge computing, datacenter, e-mobility, sustainability, and AI.

"After a solid finish to FY26 and a strong 1Q27, Microchip is now on track for sustained expansion," adds Argus Research analyst Jim Kelleher (Buy). "The company is experiencing acceleration in most markets, led by its fast-growing data center business, and revenue and adjusted EPS are on track for sustained expansion in FY27 and FY28."

While Microchip Technology might not be as growthy as the likes of Nvidia or Advanced Micro Devices (AMD), the pros still see a lot of bottom-line upside from the company, projecting profits to improve by 45% annually on average over the next five years.

Also, Microchip Technology had built a long streak of quarterly dividend raises, but that streak stopped as of the February 2025 payout; MCHP has kept the payout level ever since. Regardless, the quarterly 45.5¢ per share comes out to a yield of more than 2%, which beats most tech stocks by a considerable distance.

Opera Limited

Market cap: $1.6 billion
Dividend yield: 4.6%
Consensus analyst rating: 1.14 (Strong Buy)

Norwegian web browser company Opera Limited (OPRA), actually a subsidiary of China's Kunlun Tech, might not be the first name you think of when you think of web browsers. It's largely popular in Africa and increasingly so in Europe. But it has been around for quite some time—indeed, its Opera browser launched in 1995, making it one of the oldest desktop browsers still in use.

The Opera browser now exists in several forms, including Opera Mini, Opera GX for PCs and mobile, Opera for Android and iOS, and Opera for Computers. Its other products include sports score app Apex Football, virtual private network offering Opera VPN Pro, and AI-powered personalized news discovery and aggregation service Opera News.

And like with many browsers, Opera is now in the AI game, recently shipping its Opera Neon agentic AI.

"We view Opera Neon as a differentiated offering given its model-agnostic approach, which should appeal to users and allow them to get the best capabilities across multiple LLM models," say B. Riley Securities analysts Naved Khan and Ryan Powell, who rate shares at Buy. "Commentary from [management] suggests that while agentic browsing is not yet mainstream, the company expects to learn how AI power users are using the browser and plans to implement key findings into its broader product suite."

B. Riley calls it a "best idea" from its 26th annual institutional investor conference, saying its positive views are underpinned by three key drivers: sustained double-digit growth in advertising, healthy growth in query revenue, and the anticipated initial public offering (IPO) of OPay by the end of the year. (Opera has a 9.5% stake in OPay.)

Opera doesn't have a huge Wall Street following, but all seven covering analysts rate the stock at Buy. In fact, its consensus rating is so high that OPRA isn't just one of the best tech dividend stocks you can buy, but one of the best tech stocks period. And their consensus view is for average annual profit growth of about 20% over the long run.

But what really stands out about Opera is its massive dividend, which at more than 4% is high for any sector and easily puts it among the top tech dividend stocks you can buy. Just note that OPRA only pays biannually (instead of the U.S. standard quarterly), and that its 40¢-per-share dividend hasn't budged since it was initiated in 2023.

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