Much of that growth is being driven by mature tech companies, such as Dow components Cisco Systems (NASDAQ:CSCO) and International Business Machines (NYSE:IBM). Those stocks, among other old guard tech dividend payers, aren’t richly valued, indicating that investors don’t have to pay up to get these steady dividends.
“With price-to-earnings median multiples near the highest levels since the dot-com crash of 1999 and 2000, it may make sense to assess some of the legacy old-school technology stocks, especially those that pay a dependable dividend,” reports Lee Jackson for 24/7 Wall Street.