NetApp

NetApp is a specialist in enterprise data storage, helping companies manage information across their own data centres and the major public clouds. Its shift toward flash-based systems and cloud storage services has repositioned a legacy hardware vendor for an era where data volumes and hybrid-cloud architectures keep expanding. NetApp has paid and grown its dividend for well over a decade, funding it from steady free cash flow and supplementing returns with buybacks. The yield sits around the low end of the market, but the combination of a durable enterprise franchise and consistent shareholder returns underpins a respectable, mid-to-upper income profile. Investors get modest current income alongside exposure to secular data growth.