Technology

Why Old-School Dividend-Paying Tech Stocks Are Outstanding 2022 Ideas

Intel’s platforms are used in various computing applications, comprising notebooks, two-in-one systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices and manufacturing devices, as well as for retail, transportation, industrial, buildings, home use and other market segments.

Shareholders receive a 2.68% dividend. Credit Suisse’s $80 price target is well above the $55.02 consensus target. Intel stock closed at $51.82 on Wednesday.

Oracle

This top software stock has backed up recently and is offering an attractive entry point. Oracle Corp. (NYSE: ORCL) develops, manufactures, markets, sells, hosts and supports database and middleware software, application software, cloud infrastructure, hardware systems and related services worldwide.

The company licenses its Oracle Database software to customers, which is designed to enable reliable and secure storage, retrieval and manipulation of various forms of data. Its Oracle Fusion Middleware software aims to build, deploy, secure, access and integrate business applications, as well as automate their business processes.

Oracle recently announced that it would acquire Cerner, a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities. The all-cash tender offer has approximately $28.3 billion in equity value.

Shareholders receive a 1.44% dividend. Credit Suisse team has set a price target is $115. The consensus target for Oracle stock is $102.64, and the share price was last seen at $88.21.

Texas Instruments

This old-school legacy semiconductor tech company offers solid value at current levels and is a great pick for more conservative investors. Texas Instruments Inc. (NASDAQ: TXN) is a broad-based supplier of semiconductor components, ranging from digital signal processors to high-performance analog components, to digital light-processing technology and calculators.

Some 65% of the company’s sales are exposed to the well-diversified, business-to-business industrial, automotive, communications infrastructure and enterprise markets. While business from those sectors, especially automotive, could suffer in the near term, the analyst feels the solid dividend should support the shares. The company is also a big Apple supplier, so the long-term outlook for this venerable leader makes it a safer bet for investors with less risk tolerance.

Investors receive a 2.41% dividend. The BofA Securities price target for Texas Instruments stock is $255. The consensus target is $205.18, and shares closed most recently at $190.81.


These five legacy tech leaders have been around for decades. While they may not have the stunning growth potential some of the momentum tech stocks have, they do have one thing that makes it easier for investors to sleep at night, and that’s dependability and staying power. In addition, investors versed in covered call writing can generate additional revenue and total return with these stocks.

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