Technology is everywhere these days, and, in that, everything seems to have a semiconductor in it – from your toaster oven to the complex server computer, chips are now found in almost every device. This is wonderful news for our latest Best Dividend Growth Stocks Model pick. Thanks to its prowess in the sector, our pick has managed to raise its payout for nearly 20 years’ straight and offers a steady 2% yield!
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. With that niche, our pick has a long runway for growth.
At the same time, our pick has a long history of producing “basic” analog chips. With everything requiring a semiconductor, these basic chips provide plenty of steady cash flow and base for dividend payments.
The combination provides a great runway for investor rewards over the long haul.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
