Cloud computing, the metaverse, self-driving cars: all of these tech trends have one thing in common. They require a fast-moving network to function at speed and correctly. And while wireless communications facilitate these ideals, there are still plenty of fiber optic cables doing the heavy lifting on networks. That’s great news for our Best Dividend Stocks Model Portfolio pick.
Our pick is a glass specialist and is one of the largest makers of fiber optic cable in the world. Thanks to the build-outs in 5G and data centers, our pick has continued to see its fiber optics business surge in recent quarters. This fact has returned our pick to its former glory days and has made it a cash flow machine.
With continued data center growth, our pick has used its fortunes to expand into other high-growth areas such as mobile electronics and life sciences. With biotech growth and device adoption not stopping, our pick is poised for a long runway of cash flows and dividend increases.
Watch for when the stock goes ex-dividend on Friday, May 27.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
