Data center demand is simply exploding. There’s more to it than that. As we’ve taken to the cloud, streamed video, and relied on mobile devices and computers for everything, the need for more data centers is simply exponentially higher. That’s wonderful news for our Best Dividend Stocks Model Portfolio pick.
Our pick is a semiconductor superstar. Its massive portfolio of products spans connectivity, Wi-Fi, and data center/mainframe chips. These are all the major components needed to build out our cloud computing infrastructure. This leadership position has put it at the forefront of demand and has provided plenty of cash flows for years.
The real win for our pick is that it’s also a major services player in the world of data center creation and software. Thanks to a series of smart buyouts, our pick can not only build a data center, but provide security, data analysis. and other services as well.
This has served to strengthen our pick’s position and provide plenty of recurring revenues to its coffers. Its latest earnings results are an indication of that. With a long history of rewarding shareholders, investors should watch for when the stock goes ex-dividend on Tuesday, June 21.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
