You can teach an old dog new tricks. That’s the mantra behind many of the technology sector’s elder statesmen. This includes our latest pick in the Best High Dividend Stocks Model Portfolio.
Our pick is very decidedly ‘old tech.’ However, after a few years of transformation, spin-offs, asset sales, and a major dose of M&A, our pick is quickly becoming a superstar in the sector’s hottest trends. This includes artificial intelligence, data mining, and cloud software capabilities. The shift to a services revenue model has helped as well.
Thanks to its high margins and strong cash flows, our pick has quickly become a top draw for investors looking for high consistent income and a juicy 5% yield.
With the stock going ex-dividend on Friday, May 27 (estimated date), it could be an optimal pick to add or increase your position in the stock.
To make room for this technology leader and another real estate player, we had to remove two different asset managers from our list this week.
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
