Turn-around plans can be difficult to pull off. It takes plenty of skill and vision to make them happen. But when they do, investors can profit handsomely. That’s the case for our latest Best Technology Dividend Stocks List pick. After years of stagnating revenue, our pick has finally turned a corner and investors have been rewarded. This includes its latest 0.6% dividend increase and buyback announcement!
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
Our pick has long been one of tech’s elder statesmen. But its transformation has it engaging in some pretty high-tech operations. A focus on cloud computing services and support as well as big data, artificial intelligence and blockchain to solve its customers’ problems has started to significantly bear fruit. Providing sales and profit boosts, reversing its former downtrends.
Going forward, our pick has the potential to leverage these products into new areas. Government, defense and the healthcare sectors are all turning toward cloud and quantum computing to solve problems, cut costs and drive innovation. With the regulatory and security requirements of these sectors, our pick has a powerful high-margin way to keep its business growing.
All in all, our pick represents a top play on tech’s future with an eye toward the past.
In order to make room for our new cloud-focused stock, we’ve been forced to remove a human capital management provider.
