It turns out you can teach an old dog new tricks. A variety of old technology companies are new again as they take to the cloud, revise their product lines, and revamp for the new age. Our latest pick in our Best High Dividend Stocks Model Portfolio is a prime example of these transitions can work
Our pick is considered tech royalty, cutting its teeth back in the 1950s. But after what seems like decades of slow growth and declining revenues, our pick has finally gotten its mojo back. With moves into the cloud and a recent spin-off of slow-moving businesses, growth at our pick has finally started to soar. Cash flows have jumped and revenues have turned a corner into the positive direction.
The end result is plenty of dividend growth for its shareholders. With already nearly 30 years’ worth of increases under its belt, our pick’s new focus should have investors singing its praises for the long haul. Investors should watch for the stock ex-dividend on Friday, August 26 (estimated date).
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
