5 Stocks That Raised Their Dividend in 2021

3. International Business Machines Corporation (NYSE: IBM)

Number of Hedge Fund Holders: 41
Dividend Yield: 4.8%

International Business Machines Corporation (NYSE: IBM), a technology and computer hardware company, is based in New York. It operates in over 171 countries and ranks 3rd on our list of dividend stocks that raised their dividend in 2o21.

This July, Morgan Stanley raised its price target on shares of International Business Machines Corporation (NYSE: IBM) to $164, while reiterating an Equal Weight rating on the stock.

In the second quarter of 2021, International Business Machines Corporation (NYSE: IBM) had an EPS of $2.33, beating estimates by $0.04. The company’s revenue was $18.75 billion, up 3.43% year over year and beating estimates by $447.5 million. International Business Machines Corporation (NYSE: IBM) has gained 7.77% in the past 6 months and 10.55% year to date.

By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in International Business Machines Corporation (NYSE: IBM) worth roughly $1.4 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $1.4 billion.