As we’ve increasingly gone online for both work and play, data center demand is only rising exponentially. And as such, the firms that provide the equipment needed to get the job done are seeing a massive boon to their bottom lines. Our latest Best Technology Dividend Stocks List pick is one such example.
Our pick is a semiconductor superstar. Its portfolio of products spans connectivity, Wi-Fi ,and data center/mainframe chips, all the things needed to build out our cloud computing infrastructure. This leadership position has put it at the forefront of demand and has provided plenty of cash flows for years.
Our pick has growth channels as well. Through a select series of buyouts, our pick now offers enterprise security, monitoring, data center creation, and other IT services for its customers. This has provided extra, higher margined revenues to its earnings and strengthened its dividend prospects even further.
It’s worth keeping an eye on the stock when it goes ex-dividend on Thursday, June 16 (estimated date).
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
