3 Australian technology businesses paying dividends

You don't have to travel the globe to find great technology businesses, but you will have to pay up for a slice of Gentrack Group Ltd (ASX:GTK), Pro Medicus Limited (ASX:PME) and Hansen Technologies Limited (ASX:HSN).

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You don't have to travel the globe to find great technology businesses, but you will have to pay up for a slice of quality ASX-listed companies like Gentrack Group Ltd (ASX: GTK), Pro Medicus Limited (ASX: PME) and Hansen Technologies Limited (ASX: HSN).

Growth or Dividends?

Many Australian investors make a decision to target either share price growth or dividend income in the sharemarket as if we cannot have both.

At one extreme, we have slower-growing dividend payers like Commonwealth Bank of Australia (ASX: CBA).

At the other end, we have companies like Domino's Pizza Enterprises Ltd (ASX: DMP), whose shares trade at eye-watering valuations.

Unfortunately, you will have to search long and hard to find a company which offers both dividends and growth.

However, if you are a patient investor — targeting returns over a minimum of three years — I think the following three companies prove the point that growth and dividend income can be found in one company.

3 tech shares with dividends

Pro Medicus. Pro Medicus shares offer a 0.6% dividend, which admittedly isn't great. However, what it lacks in dividend income it makes up for in growth potential and the potential for higher dividends in the future.

While shares of the health imaging business don't come cheap, they deserve a spot on watchlists.

Gentrack. Gentrack is a Kiwi software business that creates software solutions for energy and water utilities, and airports. The company's shares pay a 2.4% dividend, but they don't come cheap. Like Pro Medicus, it could go on to shoot the lights out but it may pay to be patient.

Hansen Technologies is another software business. The $730 million company develops customer care and billing solutions. Hansen Technologies shares pay a 1.7% fully franked dividend.

Foolish Takeaway

Growth and dividend income are not mutually exclusive. You can have both if you buy good quality companies at decent prices and have a long-term investment horizon.

While I think the three companies listed above are high quality, they don't come cheap. Therefore, savvy investors may choose to wait for a lower price before buying in.

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen encourages your feedback. You can follow him on Twitter @OwenRask. The Motley Fool Australia owns shares of Hansen Technologies. 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. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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