The Dicker Data Ltd (ASX: DDR) share price closed up 1.01% to $11.95 on Friday.
However, the tech share has had a tough time of it in 2022 alongside its technology sector peers.
The Dicker Data share price has fallen by 18.8% in the year to date. Although, this compares favourably to the 32% decline for the S&P/ASX All Technology Index (ASX: XTX).
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Recent history of the Dicker Data share price
Dicker Data is one of the few well-established technology companies listed on the ASX. It's been around for a long time — 44 years, to be exact. It was founded in 1978 and was listed on the ASX in 2011.
Over the past five years, the Dicker Data share price has risen by 390%.
That compares incredibly well to the more well-known ASX stalwart shares of CSL Limited (ASX: CSL), up 119%, Macquarie Group Ltd (ASX: MQG), up 94%, BHP Group Ltd (ASX: BHP), up 56%, and all of the big four ASX bank shares.
What does Dicker Data do?
Dicker Data is an Australian distributor of hardware, software, and cloud technology. It distributes a wide range of products from big household name tech companies including Dell Technologies, Hewlett Packard, HP, Lenovo, and Microsoft.
Dicker Data has probably done better than its ASX tech peers in 2022 because it isn't in foundational growth mode. So, ASX investors probably see it as a lower risk compared to the predominantly younger up-and-coming businesses in the Aussie tech space.
Why this broker backs Dicker Data
According to reporting in the Australian Financial Review (AFR), analysts at Airlie Funds Management are fans of the tech share.
Airlie portfolio manager Matt Williams said:
Dicker Data provides the 'picks and shovels' for companies seeking products to digitalise their operations.
Over the past seven years, sales and profits have compounded annually at 16% and 20% respectively.
No matter the upcoming economic conditions, we think the path to digitisation won't be affected, so prospects should remain strong.
Dicker Data dividends
Here's something else that is unusual and impressive about Dicker Data. It's one of the few ASX tech shares paying dividends.
And, it pays them four times per year, providing a more frequent stream of cash for income investors.
Based on the Dicker Data share price today, the company has a trailing dividend yield of 3.8% with full franking. Bonus.
