Experience the marvel of balanced dividend investing with a stock that exemplifies a blend of yield, safety, returns potential, and risk in the dynamic Technology sector. Since its first appearance in our Best Sector Dividend Stocks model portfolio back in March 2022, the stock has returned 21%, beating its benchmark’s modest 7.5% return, showcasing its stability in an otherwise tumultuous sector.
Its low forward payout ratio of 34% mirrors the sector average, pointing to its commendable management. Additionally, the record of 12 consecutive years of dividend increases places this stock in the top echelon of dividend stocks, with future hikes expected.
Notably, it boasts a 15% 3-year dividend per share CAGR and a low beta of 0.60, suggesting minimal correlation to equity markets – a strategic move to diversify your portfolio. Gear up for an unchanged qualified next payout of $0.470 per share going ex-div next Wednesday, June 14. Stay tuned for an in-depth analysis of this promising holding.
