Topic: How To Invest

Dividend Advisor Hotline – Friday, July 29, 2022

Article Excerpt

INTERNATIONAL BUSINESS MACHINES CORP., $130.79, New York symbol IBM, is a buy. The company is one of the world’s largest computer firms, with operations in over 175 countries. With the June 2022 payment, IBM raised your quarterly dividend by 0.6%, to $1.65 a share from $1.64. The new annual rate of $6.60 yields 5.0%. The company has paid regular dividends since 1916 and has now increased the annual rate each year for the past 27 years. On November 3, 2021, IBM completed the spinoff of Kyndryl Holdings Inc. (New York symbol KD). That firm helps corporate and government clients manage their datacentres. Investors received one Kyndryl share for every five IBM shares. IBM still holds 19.9% of Kyndryl’s shares. It plans to dispose of them by the end of 2022. The spinoff is letting IBM focus on its more-profitable cloud computing and consulting businesses. However, the higher U.S. dollar is hurting the contribution from its overseas operations. In the three months ended June 30, 2022,…

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