Big Tech’s New Chapter: Three Giants Start Paying Dividends
In the world of tech, milestones are everything. From securing seed funding to going public, each achievement marks a significant step forward. In 2024, three of the world’s largest tech companies reached a new milestone: paying shareholder dividends. Let’s dive into which companies made the cut, how much they’re paying, and whether they’re a good fit for your portfolio.
The Search Engine Giant: Google
Google has been making its shareholders rich for over a decade. With an astonishing 85% of the US internet search volume and 90% globally, the company has become an advertising powerhouse. Its market cap stands at a staggering $2.34 trillion, with shares trading near an all-time high of $190. In Q1 2024, Google announced a dividend of 0.04%, translating to around $0.20 per share. While it may not be a massive payout, Google is a buy-and-hold stock that can anchor your portfolio.
The Social Media Empire: Meta
Meta, the parent company of Facebook, WhatsApp, and Instagram, has become an integral part of billions of people’s lives. This ubiquity has led to a massive advertising business and other revenue streams. With a 22% increase in revenue ($39 billion) and $13.5 billion in net income, Meta’s shares are priced at $592.19. The company’s dividend of 0.03% may not be eye-catching, but it’s a cherry on top of an already attractive investment package.
The CRM Leader: Salesforce
Salesforce specializes in online customer relations management and worker productivity software. Its purchase of Slack has given it a strong presence in the worker productivity sector. With shares trading at $334.33, Salesforce announced a dividend of 0.04%, roughly $1.33 per share. While it may not be a passive income powerhouse, Salesforce is a good potential add for your portfolio from a growth perspective.
The Future of Investing
The changing interest rate environment has created an opportunity for income-seeking investors to earn massive yields through private market real estate investments. Benzinga has identified some of the most attractive options, including the Ascent Income Fund from EquityMultiple, which targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1%. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors.
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