“To the cloud!” has been the rallying cry for a number of businesses, organizations and enterprises of late. Accessing data and applications remotely has now become the standard way we work and entertain ourselves. In order to facilitate this, we need plenty of server computers and networking devices. And making that all happen is our latest Best Technology Dividend Stocks List pick’s specialty; all the while, rewarding investors with over a decade’s worth of dividend growth!
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
Our pick is an elder statesman of the dot-com boom that has been providing networking equipment for the telecom and IT sectors for years. The initial build-out of the internet helped fund the massive behemoth our pick is today. And with demand for cloud computing, 5G and other advanced applications growing, our pick has continued to see rising hardware sales.
And if that wasn’t enough good news, our pick has continued to find other ways to grow, including a hefty dose of software and services. Securing and optimizing networks have now grown into a major portion of its business. And with plenty of recurring revenues, our pick’s cash flow has exploded – enough to make it ‘dividend and buyback royalty’ for any sector, not just technology.
For investors, our current pick makes for an ideal technology stock that just happens to be an income machine. With demand rising for its entire product suite, growth is assured.
