Old dogs can learn new tricks. Proving that innovation can strike even in firms that are decades’ old. Case in point is our latest Best Dividend Stocks Model Portfolio pick. As one of technology’s founding firms, our pick has been innovating for decades. And it has rewarded shareholders over that time too. Its latest streak of rising payouts is more than 25 years long. Today, investors can grab a 5% yield from shares.
That innovation has continued. Thanks to a series of spin-offs, M&A and reorganization, our pick is now a major player in the cloud space and other high-tech services. With artificial intelligence (A.I.), data mining, ERP and other wins now driving cash flow, our pick has plenty of growth potential for the long haul.
Meanwhile, its historically conversative management and low debt profile have made it a great choice for the stability of its payout and cash flow.
In addition to our technology pick, we’ve also added a regional bank to the portfolio as well as removing both a consumer products firm and an advertising agency.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
