2 Tech Dividend Stocks to Buy This Month By StockNews
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The uncertainty surrounding the broader economy might lead to a resumption of the market’s sell-off. Next week’s Congressional negotiations could also bring some volatility. Given the technology sector’s solid growth prospects, it could be wise to invest in dividend-paying tech stocks NetApp (NASDAQ:) and ASE Technology Holdings (ASX) to secure a stable stream of income.The Chinese real-estate giant Evergrande’s possible collapse has increased volatility. The outlook for growth in the next year is becoming increasingly uncertain according to many analysts. With concerns over higher-than-expected inflation and Covid variants, Federated Hermes’ chief market strategist Phil Orlando anticipates a 10% market correction. The deadlines facing the Obama administration next week are the Democrats pressing to pass the infrastructure bill and the social service bill. This could mean volatility and a chaotic market.
Despite this, technology has seen significant growth in the last year due to continued digital transformation, work-from home trends, and substantial gains over the previous 12 months. Technology Select Sector SPDR (NYSE:), gained 36.2% in the last year, and 19.4% over the year. In the face of expected market volatility, dividend paying stocks might be the right option for providing a steady stream of income.
NetApp, Inc., (NYSE:) and ASE Technology Holding Co., Ltd., (NYSE:) could make good investments to your portfolio. They pay attractive dividends, and have solid growth prospects.
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