Technology remains a very important sector to the economy. How we work and play have continued to become more influenced by tech trends and products. But with the Fed continuing its rate hikes and the economy getting dicey, tech has continued to be a very volatile sector to invest in. That’s why investors need to focus on firms that can generate significant cash flow – just like our latest Best Technology Dividend Stocks List pick!
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
Our pick cut its teeth on networking and connectivity semiconductors during the dot-com days, and it has a long history of mergers behind it. But those mergers have made our selection one of the most important technology firms around. With products covering semiconductors and software for critical networking needs, our pick has continued to dominate a variety of tech trends including cloud and mobile computing.
This alone has made our pick a cash flow machine, generating billions of dollars in cash for its investors. And it’s not shy in sharing that wealth – raising its dividend by more than 35% annually over the last 10 years.
Going forward, our pick has lots of levers to pull for additional growth, including a hefty dose of M&A, which will make it a virtualization superstar, as well as new forays into Artificial Intelligence (AI). All in all, our pick should be able to continue its growing cash flow and dividend for the long haul.
For investors, our pick makes for an ideal selection in the sector. One that has both the stability and goods to keep the returns coming.
