Technology isn’t so much a sector of the market these days as it is the backbone of everything we do. From work and play to the products we buy and eat, technology is found in everything and every process. To that end, the firms that provide the “guts” to make this work have been stellar long-term plays. Our latest Best Dividend Growth Stocks Model Portfolio pick is such a firm!
Our pick is a major producer of a wide range of specialized chips including those needed in automation, power control and battery management systems. This focus puts it in the driving seat for some of technology’s biggest trends like robotics, the internet of things (IoT) and electric cars. As such, our pick has a long runway for growth.
But aside from this trend-induced growth, our pick has a steady side as well. Basic chips provide plenty of steady cash flows to support over two-decades’ worth of dividend growth.
With semiconductor shortages and demand continuing, our pick makes an ideal choice for investors looking to play the sheer growth of technology in our lives. Watch for when the stock goes ex-dividend on Wednesday, May 25 (estimated date).
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
