While we tend to focus on the young pups in the technology sector, the reality is that the old dogs can provide the best returns. That’s true for our newest Best Dividend Stocks Model Portfolio pick. Our pick has been a winner since the dot-com days and continues to reinvent itself to find new markets and profits. And investors have profited as well, with our pick’s 3%+ dividend yield and more than a decades’ worth of dividend growth. Investors can take advantage of that opportunity before our pick goes ex-dividend on Wednesday, January 4, with a regular quarterly dividend of $0.38 per share!
Our pick cut its teeth on routers, switches and other networking equipment during the dot-com days. Those businesses continue to drive cash flow as new 5G and cloud solutions demand more connectivity.
However, our pick is a growth machine as well. Focusing on the total network experience, our pick has continued to move into services. With identity management and cyber-security to network optimization software, our pick does it all, with plenty of high margins. And just like before, our pick is poised to use its hefty cash balance and standing to buy out many of the top young pups in the technology sector.
In the end, our pick shows exactly why “old tech” still has plenty of life in it.
In order to make room for our networking specialist, we’ve been forced to remove a cloud computing specialist from the list.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
