The so-called internet of things (IoT) isn’t just science fiction at this point. Everything is now a connected device. Add in cloud computing, mobile apps and other high-tech innovations and we’re talking about a lot of networking needs. For the firms that make the gear that allows us to dial-up and connect, it really is the early innings, which is wonderful news for our latest pick in our Best Technology Dividend Stocks List.
Our pick has long been one of the biggest players in networking equipment, cutting its teeth during the dot-com boom. Since then, our pick has become a steady provider of routers, switches and other critical pieces of network hardware. This has resulted in a steady stream of cash flows and dividends for its shareholders.
But our pick has growth too. Thanks to new forays into services, AI networking, cloud-based monitoring and other products, revenues at our firm have exploded in recent quarters. This has strengthened its dividend prospects even further. It’s worth keeping an eye on the stock when it goes ex-dividend on Monday, February 28.
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
