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Participant ○○

Utilities vs. "Old Tech"

SA had a recent article suggesting that investors consider older tech companies as income substitutes for utilities.  Some of their suggestions were CSCO, IBM, STX.  I needed an additional stock, thought about buying FE, but the data cited by Steelpony and BruceM discouraged me from buying FE.  I did looked at some old tech companies and chose NTAP (Network Appliance) which pays about 4.4%.  I already own IBM and STX.  

3 Replies
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Frequent Contributor

Re: Utilities vs. "Old Tech"

I didn’t see that article, but over the last few years I have added periodically to my “old tech” holdings of CSCO and INTC. Both are solid dividend growth stocks, and priced much lower in terms of P/E, etc. when compared to the “tech darlings” (AMZN, FB, Etc.). Have lower “buy” orders for both right now.

Win
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Explorer ○○

Re: Utilities vs. "Old Tech"

CSCO is yielding over 3% and is down after-hours right now due to a weak outlook. Dividend is decently covered and growing.

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Participant ○○

Re: Utilities vs. "Old Tech"

Thank you.  CSCO is a stock I track, but I generally only buy when the yield is over 4%.  If the price continues to drop, I may buy it.

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