Cloud and mobile computing have revolutionized pretty much everything we do. From work to play, we log into remote data centers in order to function in our daily lives. It takes a lot of heavy lifting to make those data centers operate properly. For the firms that provide the equipment needed to get the job done, these are halcyon days. Our latest Best Dividend Stocks Model Portfolio pick is a prime example of the growth available.
Our pick is a semiconductor superstar. Its portfolio of products span connectivity, Wi-Fi and data center/mainframe chips – all the things needed to build out our cloud computing infrastructure. Moreover, our pick has expanded into the services sector. Through a select series of buyouts, our pick now offers enterprise security, monitoring, data center creation and other IT services for its customers. This has added a second leg of growth to its portfolio.
The best part is that our pick has shared its profits with its investors for over a decade now. With a staggering 3,625% 10-year dividend growth rate and low valuation, our pick is primed to provide a great addition to any portfolio. The stock is expected to go ex-dividend on March 17 (estimated date).
In order to make room for this technology pick and another top financial stock, we had to remove two consumer products firms from our list this week.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
