Summary
- There is no question that IBM has struggled. Until recently, it had maintained a dubious streak of 22 straight quarters of revenue declines.
- However, there are some bright spots for the company, namely cloud and software-as-a-service.
- Shares of IBM yield 5% and this dividend growth company will likely become a Dividend Aristocrat next year.
Companies that are able to grow dividends each year, regardless of the condition of the economy, show that the business is able to withstand downturns and continue to reward shareholders.
The list of Dividend Aristocrats have managed to increase their dividends for at least 25 years. There are currently 57 Dividend Aristocrats; you can see the entire list of all 57 Dividend Aristocrats here.
After increasing its dividend by 3.2% for the upcoming June 10th payment, International Business Machines (IBM) has now raised its dividend for 24 consecutive years. One more year of dividend growth will qualify the company as a Dividend Aristocrat.
Not only that, but IBM stock also offers a 5% yield. IBM has among the longest streaks of dividend increases among the stocks we cover with a 5%+ yield. You can see our full list of high-yielding stocks here.
While IBM is struggling to get its growth back on track, the stock is nevertheless highly attractive for income investors looking for a combination of yield and annual dividend increases.
