There’s no denying it: Technology is everywhere. From how we work to how we order our food, technology plays an integral part in modern society. It’s no wonder the sector has become a star performer over the last decade. The technology sector also happens to include our latest Best Dividend Capture Stocks List pick. Our pick has continued to support its shareholders with its latest 4.8% payout boost!
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
The crazy thing is that our pick has managed to do so and see great growth without being an exciting A.I. chip maker or Software-as-a-Service (SaaS) stock. Our pick actually makes what might be considered “boring” cable. However, its success lies not just in cables, but also in antennas, sensors, fiber optic connectors, circuit boards, and a whole host of other technology must-haves. Our pick supplies the backbone that makes smart phones work or server farms connect to the internet. Modern society can’t function without these products – and our pick has prospered.
Aside from sheer growth demand as we’ve become more interconnected, our pick has continued to find growth via new markets and product expansions. This includes products for the connected/self-driving cars, 5G wireless and new sensors for the internet of things (IoT). These products have continued to boost sales in fast-growing, high-margined areas.
With steady demand for these must-have technology products, our pick has continued to generate hefty cash from its operations – making our pick a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Monday, December 18, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 2.4 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest electronic component producer could be a lucrative option.
