3 Tech Stocks to Buy Now and Hold Forever

According to the latest CNBC Technology Executive Council survey, 74% of tech executives believe their companies will spend more on new technology in the next 12 months. The global information technology market is…

expected to grow at a CAGR of 8.8% to reach $13,092.49 billion in 2026.

While the slowed demand and rising borrowing costs might keep the industry under pressure in the near term, the growing demand for advanced tech solutions and rising investments should help quality tech stocks witness big rebounds in the long run.

Therefore, it could be wise to buy fundamentally strong tech stocks Microsoft Corporation (MSFT), Dell Technologies Inc. (DELL), and CTS Corporation (CTS) and hold them for an extended period. In addition to capital gains, the impressive dividend history of these companies should help generate a steady income stream.

Microsoft Corporation (MSFT)

MSFT develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.

Over the last three years, MSFT’s dividend payouts have grown at a 10.4% CAGR. Its four-year average dividend yield is 1.04%, and its forward annual dividend of $2.72 per share translates to a 1.16% yield. It is expected to pay a quarterly dividend of $0.68 per share on March 9, 2023.

On December 14, 2022, MSFT and Viasat (VSAT) announced a new…

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