Seagate Technology (NASDAQ:STX), a hard disk drive maker, recently reinstated its dividend after canceling it during the financial crisis a few years ago. This year, that dividend has climbed from $0.25 per share per quarter to $0.38 (with the final one being given early to dodge tax increases from the fiscal cliff), but even that is still only 20% of the company's profits. In this video, Motley Fool tech analyst Eric Bleeker discusses why he believes that dividend is still headed further up.
Eric Bleeker has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.