Investing

Big Tech Stocks Lead the Rally, and These 7 Also Pay Dependable Dividends

Juniper Networks also provides switching products, including EX series Ethernet switches to address the access, aggregation and core layer switching requirements of micro branch, branch office, and campus environments; QFX series of core, spine and top-of-rack data center switches; and Juniper access points, which provide wireless access and performance.

In addition, the company offers security products including SRX series services gateways for the data center; Branch SRX family provides an integrated firewall and next-generation firewall; virtual firewall that delivers various features of physical firewalls; and advanced malware protection, a cloud-based service and Juniper ATP.

Investors receive a 2.25% dividend. The KeyCorp price target is $46. Juniper Networks stock has a consensus target of $36.69, and shares closed at $37.69 on Tuesday.

Seagate

This disk drive giant is hitting on all cylinders and looks reasonable at current trading levels. Seagate Technology Holdings PLC (NASDAQ: STX) provides data storage technology and solutions in Singapore, the United States, the Netherlands and elsewhere.

The company offers hard disk and solid state drives, including serial advanced technology attachment, serial attached SCSI and non-volatile memory express products; solid state hybrid drives; and storage subsystems. Its products are used in enterprise servers and storage systems and edge compute and non-compute applications.

Seagate also provides an enterprise data solutions portfolio, comprising storage subsystems and mass capacity optimized private cloud storage solutions for enterprises, cloud service providers and scale-out storage servers and original equipment manufacturers. In addition, it offers external storage solutions under the Seagate Backup Plus and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 16 terabytes.

Shareholders enjoy a 3.03% dividend. For Seagate Technology stock, BofA Securities has a price objective of $130. The consensus target is $102.90, and the last trade for Tuesday hit the tape at $93.65.


These seven top technology companies hit all the metrics and also pay out solid and dependable dividends. Given the recent market volatility and the big rally, it may make sense to scale buy into a position in one or more of these top companies. While at the margin they may be somewhat “safer” ideas, with all the current issues, both geopolitical and domestic, there still is a good chance we could see more downside action in May after first-quarter earnings and projections for the rest of the year are posted.

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