With the world getting more and more advanced, semiconductor demand continues to skyrocket. From basic analog chips to more advanced sensors and A.I. processors, it seems that they are everywhere these days. That’s wonderful news for our latest Best Dividend Growth Stocks Model Portfolio pick!
Our pick is an old-school semiconductor manufacturer that has decades’ worth of operation under its belt. The best part is that our pick’s product portfolio spans both boring analog chips and new advanced sensors, embedded chips, and other high-tech processors. This combination has allowed our pick to benefit from overall semiconductor demand and improving margins.
For investors, it’s resulted in plenty of dividend increases—nearly 20 years worth—as well as hefty buyback programs and overall returns.
With a rich 3%+ current yield and plenty of growth ahead, our semiconductor pick makes for a top dividend growth opportunity. Watch for when the stock goes ex-dividend on Wednesday, August 3 (estimated date).
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
