Discover the ultimate holding for balanced dividend investors in the Best Sector Dividend Stocks model portfolio. With a stellar track record, this well-covered mega-cap Tech Hardware stock is a standout performer.
Since being added to the portfolio on Nov 19, 2021, it is down 6.7%, which is almost in line with its benchmark, down by 4.1% during the same time period. However, its yield outperforms the industry average at a remarkable rate.
Looking closer, this stock boasts a 13-year dividend increase track record, placing it among the top 10% of dividend stocks. Future increases are expected, ensuring potential returns for investors. While the YTD performance has been slightly lower than the broader market, with 4.3% compared to 11% for the S&P 500, it remains robust within the Tech Hardware industry, which saw a remarkable 34% growth.
Mark your calendars for the next payout, as an unchanged qualified amount of $0.390 per share is going ex-div on Jul 5. For a comprehensive analysis of this exceptional opportunity, delve into the in-depth stock analysis that follows.
