5 Technology Stocks that Pay Dividends

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1. NVE Corporation (NASDAQ: NVEC)

Number of Hedge Fund Holders: 8
Dividend Yield: 5.4%

NVE Corporation (NASDAQ: NVEC) is a developer of devices using spintronics, nanotechnology relying on electron spin to acquire, store, and transmit information in the US and globally. The company ranks 1st on our list of technology stocks that pay dividends.

In the fiscal first quarter of 2021, NVE Corporation (NASDAQ: NVEC) had an EPS of $0.74. The company’s revenue was $7.15 million, up 0.94% year over year and beating the previous quarter’s revenue of $5.86 million. NVE Corporation (NASDAQ: NVEC) has gained 6.74% in the past 6 months and 24.17% year to date.

By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in NVE Corporation (NASDAQ: NVEC) worth roughly $49.2 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $29.7 million.

You can also take a peek at 10 Best Technology Stocks to Buy for Long Term and 10 Best Games Coming in 2021.


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