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Dividend.com has added an international technology company to the Best Dividend Stocks List and removed a top asset manager firm from the list.

The technology sector continues to be one of the market’s best performers. And it’s easy to see why. From how we work to our home lives, technology is everywhere and is only getting more integrated into society. Because of this, tech has continued to show its muscle over the last few years. The interesting thing is that it doesn’t matter if it’s the latest cloud-computing application or hot consumer device, tech has one thing in common. A lowly semiconductor is powering all of it.

Which makes our new Best Dividend Stocks List pick a great long-term play on tech’s continued success.

Our pick is one of the world’s largest manufacturers of semiconductors out there. The key is that rather than focus on designing and engineering semiconductors, our pick just does the heavy lifting for other firms. It takes their designs and produces them for a hefty fee. That’s a lucrative position to be in. As one of the largest pure-play foundries in the world, our pick features hefty margins, cash flows and a long history of both cash and stock dividend payments.

The best part is our firm has moved from being simply a manufacturer of analog chips into one that builds more advanced semiconductor. Chips for A.I., automation and driverless vehicles, renewable energy, etc., feature even bigger margins and are the fastest growing segment of the semiconductor market. That’s huge news for our pick and its future cash flows/profits.

All in all, our new technology pick’s place on the Best Dividend Stocks List highlights its future potential as well as its long history of being a top-notch dividend stock.

To summarize, here are four reasons why you should own this stock:

  1. Created the “foundry” business model back in the 1980s and has continued to expand its production facilities for faster and more specialized semiconductors.
  2. As the leader in the foundry space, our pick clocked in more than $50 billion in revenues last year.
  3. Has been paying both stock and cash dividends every year since it went public back in the nineties.
  4. Healthy payout ratio of 46% and healthy yield of 2.33%.

Check out our original pick here.

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