See why Cisco is a better buy at current prices for long-term dividend growth investors
The technology sector is a surprisingly good source of dividend stocks.
This wasn’t always the case. During the heyday of the tech sector, hardly any tech stocks paid dividends at all.
But after the tech bubble burst, investors began pushing for technology companies—many of which have high cash flow and huge amounts of cash on their balance sheets—to pay dividends.
Two of the highest-yielding stocks in the Dow Jones Industrial Average are Cisco Systems (NASDAQ:CSCO) and Intel Corporation (NASDAQ:INTC), both of which hail from the tech sector.
Neither Cisco nor Intel is a Dividend Achiever, which is a group of 265 stocks with 10+ years of consecutive dividend increases.
That said, Cisco and Intel are both highly profitable companies, with leadership positions in their respective industries.
However, Cisco is in a stronger position right now. This article will discuss three reasons why Cisco is likely to be the better dividend growth stock moving forward.