TDIV - Cisco Systems: Tech Stocks Don't Have To Be Pretty
2024-02-05 13:30:15 ET
Summary
- Cisco Systems, Inc. is the latest addition to my YARP dividend stock portfolio.
- At a time when tech stocks are exciting, this formerly exciting business is now a mature, high quality company at a nice valuation.
- It is not easy to fit tech stocks into a dividend portfolio, but Cisco Systems makes the grade now.
For the better part of the past decade, the U.S. large cap stock market could be summarized simply: technology stocks win. Just look at the performance of the tech sector of the S&P 500 (orange line) versus the other 10 sectors combined (purple line) in the chart below. If this were a courtroom, the purple line would plead "no contest." OK, I'm not an attorney and I don't exactly know what that means without looking it up, but the idea is that tech stocks have left the rest of the market in the proverbial dust. And after all, the market is a courtroom of opinions if there ever was one....
Cisco Systems: Tech Stocks Don't Have To Be Pretty