Technology is everywhere these days. And in that, semiconductors are finding their way into a variety of devices. Everything from cloud computing to hair dryers has a chip in it. For the firms producing these chips, the last few years have been a gold mine. Our latest Best Technology Stocks Dividend List pick has been one of the biggest recipients, raising its dividend by 7.80%. Investors can catch the opportunity before the stock goes ex-dividend on Friday, October 28, with an increased payout of $1.24 per share!
Our pick has had a long history of making chips and other products for the tech industry. This has long included analog and basic semiconductors. However, in recent years, a shift towards more advanced controllers, power integration and A.I. chips have boosted its bottom line and strengthened its cash flows. Investors have benefited with a steady diet of dividend growth.
In the end, our pick strikes a balance between growth and stability.
This week, we have been forced to remove a different semiconductor stock from the list as selling pressure on the stock increased recently. Additionally, we’ve also increased our positions in a cloud specialist, tech consultant and human resources firm.
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
