Cloud computing gives you the best of both worlds as an investor: a market that already has a strong presence and is still growing rapidly.
According to Gartner Inc., worldwide revenue for public cloud services is set to reach $214.3 billion this year, up from $182.4 billion in 2018.
Better yet, revenue is expected to jump to $331.2 billion – a 55% increase – by 2022.
And the dividend stock we're bringing you today is the perfect way to capitalize on this lucrative sector.
And just like the cloud computing industry, this stock offers you the best of both worlds.
First, it gives you a solid, reliable dividend – one that is both 20% higher than industry average, and that's just been raised 20%.
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On top of that, this dividend stock is also poised for a big rise in share price. That's why our Money Morning Stock VQScore™ system just gave it a top score.
By at least one metric, it's trading at a 77% discount to its peers, meaning it could be set to quadruple in price once the market wakes up to its value.
Because even if you don't know the name, there's a good chance this company's cloud solutions have already had an effect on your life…