Introducing a prominent addition to the Best Sector Dividend Stocks model portfolio: a well-covered mega-cap stock in the Semiconductor industry. With an impressive 13-year track record of dividend increase, ranking in the top 10% of dividend stocks, this holding provides a promising future for balanced dividend investors.
The past three years have seen an 11% compound annual growth rate in dividends per share, placing it in the top 40% of all dividend stocks.
Year-to-date returns are noteworthy at 58%, far outpacing the S&P 500 at 19% and keeping pace with the 100% return in the Semi industry.
Looking ahead, an estimated payout of $4.600 per share is anticipated on or around September 1.
While forming our recommendation, we’ve also factored in key growth drivers and financial performance discussed by the company’s management during its Q2 earnings call held on June 1, 2023.
Optimized for an equal blend of yield, dividend safety, returns potential, and risk, this holding embodies a strategic balance. Delve into the in-depth stock analysis that follows to explore further.
