Is IBM the Ultimate Tech Dividend Stock?
The disappointments for IBM (NYSE: IBM) investors continue. In a year in which cloud computing has skyrocketed in importance because of the effects of the pandemic, the old tech giant's stock is down 12% year-to-date, weighted down by its stubbornly declining legacy businesses. But IBM has a plan in place to spin off nearly one-quarter of its revenue into a new business, leaving the new IBM focused on high-growth cloud computing.
And with the dividend yielding 5.2% a year in the meantime, this could finally be the value tech investors were looking for.
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Source Fool.com
