The internet really did revolutionize the world. How we conduct business and leisure has been changed forever. And with “to the cloud” becoming the rallying cry for a variety of services and businesses, the internet will be here for a long, long time. That fact is just wonderful news for our latest Best Technology Dividend Stocks List pick, its cash flow and its investors. The firm has used the internet to power its dividend and buyback strength for years, including its latest 2.6% boost to its payout!
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
Our pick got its start during the early days of the dot-com boom. As one of the largest providers of network hardware and routers, our pick helped shape modern networking. With continued cloud adoption, edge computing, 5G and overall server farm demand, our pick has continued to see rising sales for its routers and switchers.
But our pick isn’t just a one-trick pony.
A few years ago, it started building out its services and software businesses. With higher margins and recurring subscription revenues, these businesses have continued to boost our pick’s cash flow and cross-selling opportunities. Now our pick has turned its attention to network security for healthcare as well as federal and state government operations. This could provide a huge boost to its bottom line and future dividend growth.
For investors, our networking pick remains one of the most important firms in the tech sector and continues to figure out new ways to generate cash flow.
