International Business Machines has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 5.1% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ”DividendRank” report.
According to the ETF Finder at ETF Channel, International Business Machines Corp is a member of the iShares S&P 1500 Index ETF (ITOT), and is also an underlying holding representing 1.95% of the SPDR S&P Dividend ETF (SDY), which holds $414,362,799 worth of IBM shares.
International Business Machines made the “Dividend Channel S.A.F.E. 25” list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless history — never a missed or lowered dividend; E. Enduring — at least two decades of dividend payments.
Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »
The annualized dividend paid by International Business Machines is $6.6/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/09/2022. Below is a long-term dividend history chart for IBM, which the report stressed as being of key importance.
IBM
IBM operates in the Information Technology Services sector, among companies like Accenture, and Automatic Data Processing.
Source: https://www.forbes.com/sites/dividendchannel/2022/07/26/why-international-business-machines-is-a-top-25-safe-dividend-stock/