Despite recessionary forces, firms are willing to spend if it can save them money over the long haul. Cloud computing, artificial intelligence and data mining are all top technology spending priorities in the current environment. That’s wonderful news for our latest Best High Dividend Stocks Model Portfolio pick, whose transformation has continued to pay benefits and extend its dividend streak to nearly three decades!
You can check out the Best High Dividend Stocks Model Portfolio to explore all the stocks.
Our pick has made cloud computing and advanced technology trends its bread & butter. With a focus on these high margined areas, our pick has continued to see its revenues expand and its profits grow, reversing years’ worth of declines. It’s also made investors very happy with the continued execution of dividends and buybacks.
And growth is assured for our pick as well. With new forays into data mining, blockchain, server solutions and UX design, our pick has plenty of runway left to keep the growth and dividend growing. For investors, this really is a case of teaching an old dog new tricks.
In order to make room for our new cloud computing pick, we’ve removed an owner of triple net leased real estate firm from the portfolio.
