It’s usually the last place dividend fans look for big yields and surging payout growth—but it should be one of the first.
I’m talking about the technology sector. And before you dismiss me as crazy, check out this chart.
The Home of Payout Growth
What you’re seeing here is the dividend-growth rate of the Technology Select Sector SPDR ETF (XLK) compared to the SPDR S&P 500 ETF (SPY), representing the market as a whole, over the past 10 years.
Sure, the blue line is choppier than the orange one—but that’s a small price to pay for a 1,000%+ income boost!