Technology is everywhere these days – from sophisticated computers to your toaster. The backbone of all of this is the humble semiconductor. Chips of all forms remain in high demand, which is a boon for the firms that provide them. And that includes our newest Best Dividend Growth Stocks Model Portfolio pick.
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 puts it in the driving seat for some of technology’s biggest trends, like robotics, the internet of things (IoT), and electric cars. It’s no wonder why revenues shot up 72% last year.
With tech demand growing overall, our pick should be able to produce ample cash flows and keep rewarding shareholders for another 20 years. Watch for when the stock goes ex-dividend on Wednesday, May 25 (estimated).
In order to make room for this semiconductor pick and another healthcare stock, we had to remove two industrial stocks from our list this week.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
