Want Dividend Growth From EVs? 1 Chip Stock You Need to Know About.
Dividend investors aren't prone to chasing hot trends. Rather, good Dividend investors know money is made by being content with great companies that churn out cash in good times and bad while also having a knack for increasing their cash generation over time.
These attributes tend to rule out the ongoing trend to invest in electric vehicle (EV) manufacturers. But that doesn't mean dividend stock investors should completely write off EVs. An increasing amount of consumer money is being spent on EVs, and manufacturers are shelling out cash (often more than they actually earn) to meet that demand. Someone out there is raking in those chips.
Let me introduce you to KLA Corp. (NASDAQ: KLAC), a longtime player (and shareholder-friendly stock) in the semiconductor fab equipment industry.
Source Fool.com
