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Jump on These 7 Tech Giants With Huge Dividends for Big Future Gains

Cisco provides switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points and servers, as well as next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice and video applications.

Its cybersecurity products give clients the scope, scale and capabilities to keep up with the complexity and volume of threats. Putting security above everything helps corporations innovate while keeping their assets safe.

The stock took a big hit when the networking giant posted very grim numbers, but the juicy dividend will pay investors to wait for the turnaround.

Shareholders receive a 3.54% dividend. Jefferies kept its Buy rating after recent results but lowered the $65 target price to $52. The consensus target for Cisco Systems is $55.12 and Friday’s closing share price was $42.94.

Hewlett Packard Enterprise

This spin-off from a Silicon Valley legend holds solid upside potential. Hewlett Packard Enterprise Co. (NYSE: HPE) provides solutions that allow customers to capture, analyze and act upon data seamlessly.

The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant rack and tower servers; HPE BladeSystem, HPE Synergy and HPE ProLiant; storage solutions; and solutions for secondary workloads and traditional tape, storage networking and disk products, such as HPE Modular Storage Arrays and HPE XP. It also offers HPE Apollo and Cray products, as well as HPE Superdome Flex, HPE Nonstop, HPE Integrity, HPE Moonshot, and HPE Edgeline products.

HPE provides mobility and Internet of Things solutions under the Aruba brand, which include Wi-Fi access points, switches, routers and sensors; cloud-based management, network management, network access control, analytics and assurance, and location services; and professional and support services, as well as as-a-service and consumption models for the intelligent edge portfolio of products.

The company also offers various leasing, financing, IT consumption, and utility programs and asset management services for customers to facilitate technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from HPE and others. Further, the company invests in communications and media solutions, Hewlett Packard labs, and various business incubation projects.

The company posted dreadful numbers last week and a host of Wall Street firms downgraded the shares.

Investors receive a 3.39% dividend. Bernstein’s $20 price target could be headed lower soon. The consensus target is $17.78 but should trend down as well. Hewlett Packard Enterprise stock ended Friday almost 6% lower at $14.16.

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