The Dicker Data Ltd (ASX: DDR) The stock price closed 1.01% higher at $11.95 on Friday.

However, the tech share has fallen on hard times in 2022 alongside its peers in the tech sector.

Dicker Data’s share price has fallen 18.8% since the start of the year. Although this compares favorably to the 32% decline for the S&P/ASX All-Tech Index (ASX:XTX).

Recent history of Dicker Data stock 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 listed on the ASX in 2011.

Over the past five years, Dicker Data’s stock price has risen 390%.

This compares incredibly well to ASX’s best-known stocks CSL Limited (ASX: CSL), up 119%, Macquarie Group Ltd. (ASX: MQG), up 94%, BHP Group Ltd. (ASX:BHP), up 56%, and all four major ASX banking stocks.

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 major, well-known technology companies, including Dell Technologies, Hewlett-Packard, resume, Lenovoand Microsoft.

Dicker Data likely did better than its ASX tech peers in 2022 as it is not in fundamental growth mode. Thus, ASX investors likely see it as lower risk compared to emerging, mostly younger companies in the Australian tech space.

Why this broker supports Dicker Data

According to information in the Australian Financial Review (AFR), Airlie Funds Management analysts are fans of the tech share.

Airlie portfolio manager Matt Williams said:

Dicker Data provides the “pick and shovel” to companies looking for products to digitize their operations.

Over the past seven years, sales and profits have increased annually by 16% and 20% respectively.

Regardless of the economic conditions ahead, we believe the path to digitalization will not be affected, so the outlook should remain solid.

Dicker data dividends

Here’s something else unusual and impressive about Dicker Data. It is one of the few ASX tech stocks to pay dividends.

And, it pays out four times a year, providing more frequent cash flow for income investors.

Based on Dicker Data’s stock price today, the company has a dividend yield of 3.8% with full postage. Prime.