5 Best Dividend Stocks For 2021

3. International Business Machines Corporation (NYSE: IBM)

Dividend Yield: 5.13%
Number of Hedge Fund Holders: 51

Computing giant IBM ranks 3rd on the list of 10 best dividend stocks for 2021. The company has increased its dividend for 20 consecutive years. IBM shares have gained about 17% over the last 12 months.  The company plans to spinoff its Managed Infrastructure Services business.  IBM and Moderna recently announced that they will joins hands to create solutions to increase COVID-19 vaccine management. The companies will use technologies like hybrid Cloud, AI and blockchain to achieve the goal.

According to our database, the number of IBM’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 51 hedge funds that hold a position in IBM compared to 40 funds in the third quarter. The biggest stakeholder of the company is Arrowstreet Capital, with 2.7 million shares, worth $344.9 million.