For income investors seeking to initiate or add some tech stocks with attractive dividend yields, your time has come, asserts Bryan Perry, editor of Cash Machine.

The recent correction has provided a sweet entry point for buying into the 5G and cloud storage markets, where the best-of-breed stocks in both sub-sectors are trading 10-15% off their 52-week highs.

The advent of the remote working economy, artificial intelligence-driven platforms, big data enterprise networks, internet of Things (IoT), digital payments and mobile e-commerce are all huge contributors to cell tower and data center operators.

The global telecom tower market accounted for $40 billion in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 18.0% during the forecast period 2018-2025, to reach $145 billion by 2025.

The two stocks within this space that rule the roost are American Tower REIT (AMT), paying a current dividend yield of 1.76%, and Crown Castle International (CCI), offering a current dividend yield of 3.01%.

The growth of data centers to handle the volume of data moving to the cloud is also as close to a “bulletproof” trend as investors can find.

The demand for multi-cloud strategy and the advent of 5G technology will lead to the expansion of the global data center market at a CAGR of more than 17% during the forecast period 2020-2023.

The four primary drivers are the rise in adoption of multi-cloud and network upgrades to support 5G, the rising adoption of loT devices, big data analytics and the rise in adoption of edge computing. Edge computing is a network architecture wherein the data is stored and processed near its origin.

An edge server in this network serves as the connection between separate networks. The advantage of edge computing is that the stored content is close to the client machine, thereby reducing latency and improving server response.

Growing demand for efficient and secure data management has spurred edge computing implementation in large-scale enterprise. This development is expected to have a positive impact on overall market growth.

There are five data center stocks with attractive dividends to consider:

Equinix (EQIX) — dividend yield 1.41%
CyrusOne (CONE) — dividend yield 2.81%
QTS Realty Trust (QTS) — dividend yield 3.02%
Digital Realty Trust (DLR) — dividend yield 3.09%
CoreSite Realty (COR) — dividend yield 4.14%

The fastest-growing stock in the data center space is Equinix, with 2021 sales forecast to hit $6.5 billion and profits to soar by 31%.The company sports a market cap of $67 billion, which is exponentially higher than the next competitor, and it operates on five continents.

Those seeking high-visibility income and growth after a Nasdaq smackdown should look long and hard at the opportunity the market has just afforded investors.

It has been a while since I first highlighted these special REITs, but anytime there is an opportunity to put some money to work in these sectors at a meaningful discount, it’s worth casting a light where income-oriented investment capital has been well served.

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