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5.25% Yield Cloud Services Specialist Added to Best Dividend Protection Stocks Model Portfolio

Transformations. Sometimes they can really work for a company – resetting its fortunes and making it a top dog once again. And that’s exactly what has happened at our latest Best Dividend Protection Stocks Model Portfolio pick. Once a laughing stock, our pick is getting the last laugh. Investors too with a high 5.25% dividend yield and plenty of top growth potential!

The win is that our pick has made some serious moves in recent years, including spinning out both legacy and slow-moving businesses while making some major buyouts of other tech rivals. The end result is that our pick is no longer a dinosaur in the industry: It’s fast-moving and dynamic.

However, the firm has continued to keep its old-school focus when it comes to conservatism. This has the firm using its cash smartly. Debt reduction, buybacks and hoarding of cash have helped strengthen the firm’s position in recent quarters. Shareholders have been rewarded too with more than 25 years of consecutive annual dividend hikes.

The end result is that our pick is a great stock for conservative investors while still offering plenty of growth potential.

In order to make room for the latest technology pick, we’ve removed a semiconductor stock from the list.

You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.

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