- Littelfuse and Cognex pay sub-1% yields, but payouts consume under 20% of earnings, leaving room for raises as growth continues.
- Powell’s record $2.4 billion backlog, including a data center award above $400 million, gives it years of revenue to fund its dividend.
- Advanced Energy‘s third-quarter revenue jumped 50% on AI data center demand, yet its $0.10 quarterly dividend has not risen since 2021.
Machine vision, precision power, switchgear, and circuit protection all feed the AI data center and factory automation buildout. Four Nasdaq-listed industrial tech companies serving those markets also send shareholders a quarterly check. Their yields are modest, so the dividend works as a bonus on top of the growth. What makes the group work for income investors is that each payout takes only a small share of earnings, so it can keep growing as profits rise.
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