3 Dividend-Yielding Tech Stocks To Buy Now

Although things have cooled off a bit over the past month or so, it’s been no secret that the technology sector has been at the forefront of the market’s strong bull run. However, this might mean that income investors—those focused on finding companies with solid dividends—might be feeling left out, as tech stocks aren’t really known for their payouts.

Finding a strong dividend-yielding tech stock might feel like searching for a golden goose, but investors shouldn’t feel too intimidated. In fact, dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener, the perfect one-stop screening tool for investors of all kinds.

By limiting our search to companies in our “Computer and Technology” sector with Zacks Rank #2 (Buy) or better rankings, we can ensure that we are finding the highest quality stocks to buy right now. Throw in your preferred dividend yield and voila—the best tech stocks for dividend investors to target!

Check out three of these stocks to buy now:

1. Garmin Ltd. ( (NASDAQ:GRMN) )

Garmin is a designer of GPS navigation and wearable technology equipment. The stock is currently a Zacks Rank #2 (Buy) and sports “B” grades for Value and Momentum in our Style Scores system. With a P/E ratio of 18.63, Garmin compares favorably to its consumer electronics peers, and with a beta rating of just 0.85, the stock should hypothetically be less volatile than the market average.

The company isn’t a particularly exciting growth story, and full-year estimates are actually calling for profits to slump. Still, Garmin has surpassed the Zacks Consensus Estimate in seven straight quarters, and we’ve seen seven positive revisions to its full-year and next-year estimates within the past 60 days. On top of this, Garmin offers an impressive 3.88% dividend.

2. Intel Corporation ( (NASDAQ:INTC) )

As a leader in the global semiconductor industry, Intel is at the forefront of nearly every emerging trend in the consumer and commercial electronics markets. INTC is currently sporting a Zacks Rank #2 (Buy) and has an “A” grade in the Value and overall VGM categories. With a P/E ratio of 12.02 and a PEG ratio of 1.43, Intel is also besting its industry rivals in several key valuation metrics.

Intel is another consistent earnings performer, having surpassed the Zacks Consensus Estimate in each of the last 14 quarters. We’ve also seen 12 positive revisions to its full-year earnings estimates, as well as 10 for its next-year estimates, within the past 60 days. We now expect Intel to post earnings growth of a respectable 10.4% this year. Finally, Intel currently offers a dividend of 3.00%.

3. Magic Software Enterprises ( (NASDAQ:MGIC) )

Magic Software is a software developer that provides solutions for companies looking to build and deploy applications. Shares are up over 25% year-to-date, making this one of the hotter software stocks on the market this year. MGIC is also sporting a Zacks Rank #2 (Buy) and has an “A” grade for Value.

With a P/E ratio of 14.74 and a P/S ratio of 1.58, Magic Software is sporting strong valuation metrics—the likes of which we don’t see often in today’s tech sector. Also, our current consensus estimates are calling for EPS growth of 29.6% and sales growth of 25.3% this year. And on top of this, the company is currently paying out a 3.10% dividend.

Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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