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Technology Stocks With Record Dividends Send Bearish Signal

U.S. technology companies have pushed their dividends to the highest level on record, a signal to investors that profit growth in the industry is slowing.

Computer and software makers, the biggest contributors to this year’s 14 percent rally in the Standard & Poor’s 500 Index, will pay out $45.10 in total dividends per share in the next 12 months, according to data compiled by Bloomberg. Technology companies that started or raised dividends in 2012 have climbed 1.3 percent on average since the announcement, compared with gains of 15 percent for those that didn’t increase payouts.