IBM investors profit in two ways

Article Excerpt

IBM’s investors continue to benefit from its strong commitment to keep raising your dividend. They should also gain from its shift to cloud computing and the spinoff of a legacy business. While the company has yet to announce the details, it’s likely this new firm will also pay a dividend. INTERNATIONAL BUSINESS MACHINES CORP. $146 is a buy. The company (New York symbol IBM, Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 893.5 million; Market cap: $130.4 billion; Dividend yield: 4.5%; Dividend Sustainability Rating: Rating: Above Average; www.ibm.com) is one of the world’s largest computer companies, with operations in over 175 countries. With the June 2021 payment, IBM raised your quarterly dividend by 0.6%, to $1.64 a share from $1.63. The new annual rate of $6.56 for investors yields a high 4.5%. The company has paid dividends continuously since 1916 and has raised the annual rate each year for the past 26 years. IBM is now shifting its focus to cloud computing…