Is IBM Still a Great Dividend Stock?
Many investors have found it hard to love IBM (NYSE: IBM) in recent years. The stock has fallen more than 32% over the last 10 years, depriving shareholders of a 216% gain in the S&P 500 market index over the same period. In the same period, IBM's annual dividend payout has nearly doubled while the effective yield more than tripled.
Is IBM still a great dividend stock after all these years of disappointing top-line sales and stock returns? Let's have a look.
The technology giant used to be a universally admired and often copied one-stop-shop for every computing need a business might face. Shedding low-margin operations along the way, Big Blue has refocused on high-growth ideas for the long haul such as cloud computing, data security, artificial intelligence, and blockchain networks.
Source Fool.com
