This Is the Best Tech Dividend Stock

Many investors buy technology stocks for growth. That strategy is certainly working this year -- the tech-heavy Nasdaq 100 index is up a whopping 32% year to date. Some large tech companies, including Alphabet, Facebook, and Amazon, don't pay dividends at all, instead plowing cash back into their businesses or piling it up on their balance sheets. But that doesn't mean dividend investors are left out in the cold.

There are plenty of tech stocks that are also great dividend stocks. The best of the bunch is International Business Machines, a century-old tech company in the middle of a reinvention and plagued by pessimism. That pessimism has knocked down the stock price and boosted the dividend yield, making IBM the clear-cut winner for dividend investors.

Image source: IBM.

Source: Fool.com