*In order for cloud computing to work, you need to be able to transfer data between server computers and devices. The fastest way continues to be fiber optic cable. The old-school technology still remains one of the best ways to move data quickly with little loss. As one of the biggest producers of fiber optics, our newest Best Dividend Stocks Model Portfolio pick is reeling in the growth. *
Thanks to the build-outs in 5G and data centers, our pick has continued to see its fiber optics business surge in recent quarters, which has helped it to produce record results. With continued demand and growth assured, future quarters should be equally as top-notch for our pick.
Watch for when the stock goes ex-dividend on Thursday, June 16th (estimated).
In order to make room for this semiconductor pick and other materials stock, we had to remove a utility and an energy stock from our list this week.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
