As the second quarter earnings season wraps up, it's evident that the technology sector was among the hardest hit sectors. According to CSI Markets, the technology sector's performance is down 23% year-to-date as of Aug. 29, 2022.

However, there are three technology companies poised to bolster shareholder value by increasing earnings performance, offering share buybacks or increasing dividend payments.

IBM

International Business Machines Corp. (NYSE:IBM) is offering a dividend yield of 5.06% or $6.60 per share annually, making quarterly payments with a strong track record of increasing its dividends for 28 years. As of 2021, IBM has operations in 175 countries and employs approximately 350,000 people, primarily selling software, IT services, consulting and hardware.

In the second quarter, IBM saw revenue of $15.5 billion. That's up 9% from a year ago. The company expects roughly $10 billion in consolidated free cash flow.

Seagate

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HP

The Palo Alto, California-based company utilized $1 billion of cash during the quarter to repurchase approximately 27.4 million shares of common stock in the open market, with a total of $1.3 billion returned to shareholders at the end of the quarter.

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