Technology trends tend to come and go. But there are a few that have really taken hold and created multi-billion dollar businesses. One remains cloud computing. Logging onto the cloud to work and play has become standard procedure for most people; a fact that has continued to drive success at our latest Best Dividend Protection Stocks Model Portfolio pick! By honing in on the cloud, our pick has continued to reverse its fortunes and reward shareholders with a big 5% yield!
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Thanks to M&A, spin-outs and a streamlined focus, our pick has quickly become a major cloud player. Offering services, software and consulting to various enterprise clients. This has helped the firm regain growth, boost recurring revenues and support its hefty dividend.
But there’s growth to be had as well. Artificial intelligence continues to dominate the headlines these days. Our pick just so happens to be one of the old-school masters of this domain. Data mining and A.I. are continuing to drive additional revenue boosts and cross-selling opportunities for its cloud portfolio. This could be the next wave of growth for our pick.
All in all, the combination of steady revenues along with steady growth potential makes our pick an ideal choice for conservative investors. There is plenty of dividend support and potential.
