ASML Holding N.V.

ASML, based in Veldhoven, is one of the most important companies in technology, holding a near-monopoly on the lithography machines that print circuits onto silicon, including the only extreme-ultraviolet systems capable of making the most advanced chips. Every leading chipmaker depends on its equipment, giving it extraordinary pricing power and a central role in the global semiconductor industry. ASML pairs strong structural growth with a steadily rising dividend and large share buybacks, funded by exceptional cash flow. The yield is modest because the shares trade at a premium, so the appeal is dependable dividend growth from an irreplaceable technology leader rather than a high current payout.