Getting a customer to stay with you throughout multiple products and services is the mantra these days for many technology firms. And our latest Best Dividend Stocks Model Portfolio pick has continued to do that with a series of M&A transactions. The result is a monster infrastructure firm that pays a 3.2% yield, which investors can catch before Wednesday, September 21, when the stock goes ex-dividend with a regular payout of $4.1 per share!
Our pick was already one of the leading producers of network semiconductors. But thanks to a series of smart M&A decisions, it’s quickly becoming the technology infrastructure giant. With products now covering hardware, software and virtualization aspects, it provides the total server and networking platforms. It turns out that’s a great place to be.
Cash flow has surged as network and data center demand has skyrocketed. And with more firms taking to the cloud for their operations, growth at our pick is assured. Meanwhile, additional M&A and new products should boost recurring revenues.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
