Tech trends come and go, but there is one trend that remains firmly in place. And that’s the internet and connectivity. From cloud computing and communication to AI and IoT, the demand for server farms and networking capabilities continues to grow. For our latest Best Technology Dividend Stocks List pick, this has been a godsend. It has been driving cash flows and shareholder rewards for years. This includes its latest dividend bump, which investors can take advantage of by buying the stock before it goes ex-dividend on Tuesday, April 4!
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
Our pick started out as simply a producer of network equipment during the dotcom boom, giving it a vital foothold and leadership position in the birth of the internet. Those products are still there, driving a basis for its cash flows. Now with 5G and continued server demand, our pick’s revenues have continued to surge as build-outs have occurred.
But our pick has continued to move into higher margined areas such as software and services. Here, our pick has generated plenty of recurring revenues for its bottom line. It is here that our pick has found plenty of cross-selling opportunities to drive revenues further.
All in all, our pick represents a top name in the technology sector that rewards its shareholders.
