On Tuesday, the NASDAQ OMX Group announced that 14 new companies will be added to the NASDAQ Technology Dividend Index. Additionally, 12 companies will be deleted. The index consists of up to 100 Technology and Telecommunications companies that pay a regular or common dividend and is evaluated semi-annually. As of February 28th, the NASDAQ Technology Dividend Index’s dividend yield was approximately 3.2 percent. Here is how some of the companies who were removed reacted Tuesday:
ARM Holdings plc (NASDAQ: ARMH) shares traded in the range of $48.27 to $49.38 Tuesday before settling to close at $49.13, an increase of 1.80 percent. The stock appears to be facing some resistance at the $50.45 and $52.59 levels with some support at $48.36 and $45.88. The company offers a dividend yield of roughly 0.51 percent. Shares of ARM Holdings are down approximately 10.0 percent year-to-date.
More information on ARM Holdings and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ARMH
Linear Technology Corporation (NASDAQ: LLTC) shares traded in the range of $46.93 to $47.32 Tuesday before settling to close at $47.29, an increase of 0.57 percent. The stock appears to be facing some resistance at $51.21 with some support at the $47.08 and $45.88 levels. The company offers a dividend yield of roughly 2.28 percent. Shares of Linear Technology are up approximately 4.0 percent year-to-date.
More information on Linear Technology and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LLTC
Seagate Technology PLC (NASDAQ: STX) shares traded in the range of $50.45 to $52.02 Tuesday before settling to close at $51.93, an increase of 2.39 percent. The stock appears to be facing some resistance at the $53.09 and $54.66 levels with some support at $51.59 and $50.50. The company offers a dividend yield of roughly 3.31 percent. Shares of Seagate Technology are down approximately 8.0 percent year-to-date.
More information on Seagate Technology and access to the free equity report can be found at:
www.WallStreetFundamentals.com/STX
United Online, Inc. (NASDAQ: UNTD) shares traded in the range of $11.00 to $11.77 Tuesday before settling to close at $11.62, an increase of 6.12 percent. The stock appears to be facing some resistance at $12.70 with some support at $9.23. The company offers a dividend yield of roughly 5.16 percent. Shares of United Online are down approximately 15.0 percent year-to-date.
More information on United Online and access to the free equity report can be found at:
www.WallStreetFundamentals.com/UNTD
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