The truth is, you can teach an old dog new tricks. Smart, older firms can leverage their expertise in one area to build new businesses and return to growth – and that’s just what our latest Best Dividend Stocks Model Portfolio pick has done! The firm has quickly pivoted itself towards some of technology’s fastest-growing sectors like the cloud and artificial intelligence (AI). And investors have profited with a high 5.2% yield and hefty cash flow growth!
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
Our pick has its hands in a variety of tech sectors, but increasingly it has focused on cloud computing services. With server demand growing and the cloud taking over how we work and play, our pick has continued to see its revenues surge and margins grow fat.
Better still is our pick has continued to add more high-tech services across quantum computing, AI and hybrid cloud operations, which has produced higher margins and helped its profits soar.
With our pick tapping new avenues and industries – such as cybersecurity, healthcare and even state and local government contracts – the potential for growth is immense.
All in all, it proves you actually can teach an old dog new tricks, and our pick is proof-positive that when done right, it can benefit investors in spades.
To make room for our new pick, we’ve removed a money center bank from the list.
