Cloud computing, e-commerce, self-driving cars, IoT – technology trends all run on servers. For firms that control, build and provide products for these servers, these certainly are the halcyon days. Our latest Best Dividend Stocks Model Portfolio is a prime example. The firm has used its size and scope to raise its dividend for more than a decade straight.
Key has been its shift from being a straight semiconductor producer into a global technology infrastructure firm, crossing hardware, software and virtualization aspects to be a comprehensive solution provider in the sector. This has already provided plenty of cross-selling, recurring revenues and profit boosts.
And, now, with its latest acquisition nearly complete, our pick has plenty of growth behind it to be one of the top stocks in the entire technology sector.
All in all, the combination of software and hardware needed to build-out networks and servers makes for a powerful dividend champion – one investors of all stripes should consider for their portfolios.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
