Tech Giants IBM and HP Shine as Dividend Champions

The tech industry's reputation for not paying dividends has long been a thing of the past. Today, many technology companies offer attractive dividend yields and periodic payout hikes.

Two such stocks that stand out are IBM (NYSE: IBM) and HP (NYSE: HPQ). Both have a history of adapting to stay ahead in their respective fields and have maintained streaks of dividend increases.

IBM, with its 115-year history, has paid dividends for decades. It has shifted its focus to cloud technology and research in quantum computing, making it an attractive growth-and-income stock. Despite some recent volatility, IBM's dividend has remained safe, with the company delivering its 31st consecutive yearly dividend increase this year.

The payout is a generous $6.76 per share annually, yielding about 2.9%. This cost IBM around $6.3 billion over the previous year, but it generated $14.6 billion in free cash flow during that period, ensuring the payout's sustainability.