IBM and HP Lead Tech Dividend Stocks With High Yields and Growth
Investors looking for tech dividend stocks may want to consider International Business Machines (IBM) and HP (HPQ). IBM has maintained a streak of 31 consecutive yearly dividend increases, paying out $6.76 per share annually with a yield of about 2.9%. The company's cloud transformation under CEO Arvind Krishna has boosted the stock, which has outperformed the S&P 500 over the last five years.
HP, another well-established tech giant, offers a dividend yield of more than 4.1% with its payout of $1.20 per share annually. The company's free cash flow was nearly $3.8 billion over the trailing 12 months, well above its dividend costs.
Both IBM and HP have adapted to changing market conditions throughout their histories, making them attractive options for income investors.