In recent years, International Business Machines (NYSE: IBM) fell out of favor as tech investors turned away from the company in favor of faster-growing names.

Nonetheless, even in those times, the company proved its reliability as a dividend stock, with the payout rising for 28 consecutive years. Moreover, IBM pivoted heavily into the cloud with its $34 billion purchase of Red Hat in 2019, following that up with numerous cloud-related acquisitions and spinning off slower-growth businesses, such as the one that became Kyndryl (NYSE: KD). 

Continue reading

Source Fool.com