Alphabet is the latest tech giant to join the dividend-payer club, and analysts say there is a slate of names that could give investors a combination of growth and income. The Google parent last week announced that its board authorized a dividend of 20 cents per share , payable on June 17 to shareholders of record as of June 10. Alphabet's board also approved $70 billion in share repurchases.
Pro recently screened FactSet data for stocks with the following criteria: Offer a dividend Have a upside to their consensus price target Have an average analyst rating of overweight or buy One name that fit the bill was semiconductor company Qualcomm . The stock's 2% dividend yield is higher than the S & P 500's 1.3%. Qualcomm has rallied about 15% this year, but analysts' consensus prices suggest there additional upside of 7%.
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