5 Best Technology Dividend Stocks to Buy

4. International Business Machines Corporation (NYSE:IBM)

Despite the tech downturn, IBM has made a strong comeback in 2022, gaining 15% over the past 12 months and 1.8% year to date, as of October end. This performance looks exceptional when we look at the bloodbath in the market that battered even the most stable tech stocks. Top that with over 25 years of consistent dividend growth history, you are looking at a stock that is more than attractive in the current environment.

What’s more, the company recently posted strong quarterly results and gave a bullish forecast, beating the Wall Street that has heard nothing but bad news this year. Bank of America analyst Wamsi Mohan said that the latest numbers from IBM show that the company’s turnaround will continue.

As of the end of the second quarter this year, 40 hedge funds tracked by Insider Monkey had stakes in IBM. Ken Griffin’s Citadel Investment Group owned $421 million worth of CALL options on the stock as of the end of June.