Cloud computing really has revolutionized everything. We access the cloud for work, our finances and even to place grocery orders. And every day, it seems like more and more applications are being sent up to the cloud. Arguably, it’s the biggest trend in technology. So, for the firms that are helping navigate us into the “sky,” the trend has meant some very big profits and revenues.
This includes our Best Dividend Stocks List pick in the technology sector.
Our pick was an old-school tech firm until smart management helped make the transition early into the cloud. From enterprise to consumer-focused products, our pick has quickly become one of the go-to names for cloud computing. This has helped drive massive revenue expansion, huge profit margins and even bigger shareholder rewards. Our pick has managed to grow its payout by a staggering 280% over the last decade – all because of the growth in cloud computing.
But our pick isn’t done yet. That’s because it’s now moving its expertise in the cloud into the entertainment sector.
Already a leader in gaming, our pick is now unveiling its plans to develop a huge cloud computing hub for gamers. Dubbed the “Netflix of Gaming,’, our pick’s plans will send billions in recurring revenues into its coffers and feature plenty of exclusive content not available anywhere else. The addition of this gaming cloud could be another major win for our pick and allow it to conquer all aspects of the cloud.
In the end, our pick’s smart and early moves into the hottest trend in technology has and will continue to benefit its shareholders.
To summarize, here are five reasons why you should own this stock:
- Power of its cloud platform has continued to boost earnings – by more than 20% in the last quarter alone!
- New forays into gaming and healthcare are likely to provide a huge runway for future growth.
- Businesses are turning to our pick to run its cloud software, adding a one-two punch of extra sales!
- Has grown its dividend for 15+ years straight, with its latest increase being nearly 10%.
- Healthy payout ratio of 30% and growing yield of 0.85%.
Our Best Dividend Stocks List has 20 of the highest-rated stocks by our proprietary Dividend.com rating system. Go Premium to find out the entire list.