12 Dividend-paying Stocks That Will Boost Your Retirement Income

Cisco Systems

If you want to start investing in the technology sector, then Cisco Systems might be the right option for you. They only started paying dividends in 2011, but since then they’ve maintained a dividend growing streak of 9 years, with yields sitting at 3.2%.

So, what exactly is the company doing that might make it preferable to other companies in the tech sector? They’re known for their routers and switches, meaning they help connect devices and computer networks. In today’s day and age, their products have been necessary for almost all businesses on top of the nation’s communications infrastructure.

On the other hand, keep in mind that there’s a lot of competition out there, especially with the growth of the public cloud, meaning the company might shrink its data centers. The good news is that their management is well aware of these potential risks and has focused the company on other areas, such as cybersecurity, in order to keep their cash flow stream resilient.

Crown Castle International

With a market value of $67.5 billion, Crown Castle International sounds like a solid investment option, especially when you consider their dividend growing streak of 6 years, with yields sitting at 3.4%.

They’re America’s largest provider of shared communications infrastructure as the real estate investment trust (REITS) owns a portfolio of more than 70,000 small cell nodes, 80,000 route miles of fiber, and 40,000 cell towers! Providers such as AT&T and T-Mobile US place their equipment on the company’s infrastructures in order to beam their signals around the U.S.

To put it simply, they’re an essential part of our lives whether we know it or not, meaning that they’re predictable and durable. They’re even expecting their business to achieve a 7% or even 8% annual dividend growth.