Here’s ASX Tech Stock with Highest Dividend Yield at the Moment

  • ASX tech stocks aren’t known for dividends.
  • Meanwhile, most don’t pay dividends.
  • However, a given stock dictates this space as far as dividends are concerned.

Any market player will hardly think about the tech industry as far as dividend-paying ASX stocks are concerned. There are multiple ASX sectors recognized for the massive dividend payments. ASX bank stocks? Yes. Resources? Sure. ASX tech stocks? Not that much.

The ASX/S&P 200 index boosts multiple renowned names within its tech space. However, few pay dividends. That isn’t new to the ASX, with some leading tech firms globally known for not paying dividends, regardless of the balance sheets with massive amounts of cash.

Giants such as Meta Platforms (NASDAQ: META), Alphabet Inc. (NASDAQ: GOOGLE) (NASDAQ: GOOG), and (NASDAQ: AMZN) never pay dividends, despite the market cap crossing $1 trillion at some points in time.

However, that does not imply that ASX lacks dividend-paying stocks. So, let us resume our journey to securing the top-yielding tech stock today. Indeed, most ASX tech stocks never pay dividends, including Block Inx (SQ2), Zip Co (ZIP), and Xero Limited (XRO).

Nevertheless, some do. ASX tech stocks paying dividends at the moment include WiseTech Global (WTC), Appen Ltd (APX), and Altium Limited (ALU).

Dicker Data Dividend Dictates ASX Tech Sector

However, the mentioned firms aren’t near the highest-yielding divided ASX tech stocks. Dicker Data (ASX: DDR) enjoys that honor. Dicker Data company provides software, hardware, and cloud-based tech services. Markets recognize it for the hardware services that include selling servers, data storage, and networking equipment.

Dicker Data spent the previous few years establishing an attractive dividend yield. The company has consistently paid dividends for more than one decade. Moreover, it has ensured divided pay increases per year since 2012, including the COVID-ravaged 2020.

The company paid 9 cents per stock in dividends in 2011. However, this year had Dicker Data paying 26 cents dividend per share. That gave the firm a 4.87% dividend yield at Friday’s market share price closing. That represents a lucrative dividend yield from any ASX, even outshining Commonwealth Bank of Australia’s (CBA) current offering.