Credit: Shutterstock photoInternational Business Machines Corp. (Symbol: IBM) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.1% 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 1.60% of the SPDR S&P Dividend ETF ( SDY ), which holds $241,208,989 worth of IBM shares.
International Business Machines Corp. (Symbol: IBM) 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.
The annualized dividend paid by International Business Machines Corp. is $5.60/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/08/2016. Below is a long-term dividend history chart for IBM, which the report stressed as being of key importance.
IBM operates in the Information Technology Services sector, among companies like Accenture plc ( ACN ), and Automatic Data Processing Inc. ( ADP ).
Top 25 S.A.F.E. Dividend Stocks Increasing Payments For Decades »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
