Cloud computing, 5G, streaming video, e-commerce, etc., – these tech trends all have one thing in common: networking. Dialing up a server somewhere, accessing information and performing tasks is the new normal. For firms operating in this segment, profits are huge. Just ask for our latest Best Technology Dividend list pick. It’s been rewarding shareholders with rising dividends and huge buybacks for 10+ years straight!
The key to our pick’s success is that it wrote the book on the services and recurring revenue model that’s now commonplace in the sector. Originally just a hardware producer, our pick now offers the full gamut of networking services, from security and cloud optimization to video conferencing. As such, its cash flow has exploded.
And it has continued to share those cash flows over the long haul.
Now, with 5G demand rising and cloud computing becoming the standard way we do business and communicate, our pick’s revenues have gotten even stronger. With this runway for growth, investors have an opportunity to cash in.
In order to make room for our networking stock, we’ve been forced to remove a technology consultant from the list.
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
