(NYSE: IBM) isn't a "Magnificent Seven" member but is nonetheless magnificent to those of its shareholders who are income-focused. In their quests to find the next shiny object in the financial markets, some investors might overlook IBM, an old but surprisingly up-to-date technology company unafraid to provide a decent yield.

Dismissing IBM as a dinosaur is a mistake, as the company just rolled out a generative artificial intelligence (AI) cybersecurity assistant that's as relevant as can be in the wake of the CrowdStrike update fiasco. So don't hesitate to steal some yield while parking your capital with the concurrently old and new IBM.

IBM has a track record of adding $0.01 to its quarterly dividend distribution every year since 2020. While the company's not a fast dividend grower, IBM's current payout of $1.67 per quarter, or $6.68 per year, really isn't half bad, comparatively speaking.

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Source Fool.com