IBM's 6% Dividend Yield Should Set a Floor Under the Stock
IBM's (NYSE: IBM) stock recently plunged to its lowest point since 2009 as the novel coronavirus pandemic killed the bull market. However, that steep sell-off reduced its forward P/E ratio to less than 10 and boosted its forward yield to more than 6%.
That massive yield is tough to ignore, especially since Big Blue seemingly approached an inflection point earlier this year. Let's see why those tailwinds are still strong, and why IBM's low valuation and high yield should set a floor under its battered stock.
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Source Fool.com