Sometimes, the right change in leadership can mean all the difference in a company’s future projection. A new leader can open up new products and markets. Ultimately, turning a “fossil” into a spring chicken once again. That’s been the case for our Best Dividend Stocks List pick in the tech sector. After a major change in leadership, our pick has become one of the biggest purveyors of cloud computing software and tech, which has reignited the company into a dividend and cash-flow machine.
And our pick and its superstar CEO aren’t done yet.
Our pick has already conquered the cloud for productivity, infrastructure and even healthcare. Now, it’s moving into the world of on-demand and cloud-based entertainment. Expanding on its gaming platform, our pick has continued to expand into the world of on-demand gaming. And now with a new acquisition, our pick has the ability to expand on its platform, drive new subscription revenue and sell more of its branded hardware.
And given its commanding leadership position in the space, success is almost assured.
What it really means is more high-growth opportunities for investors leading to continued dividend and cash-flow growth.
To summarize, here are five reasons why you should own this stock:
- Operating income jumped by nearly 8% in the fourth quarter of fiscal 2020, with cloud computing leading the way!
- New forays into the gaming cloud likely to provide a huge runway for future growth.
- Smartly using M&A to boost its own operations and add new sources of growth to its cloud business.
- Has grown its dividend for 15+ years straight with its latest increase being nearly 10%.
- Healthy payout ratio of 38% and growing yield of 1.06%.
Our Best Dividend Stocks List has 20 of the highest-rated stocks by our proprietary Dividend.com Rating system. Go Premium to find out the entire list.
