5 Dividend Stocks with Over 20 Years of Dividend Increases

4. International Business Machines Corporation (NYSE: IBM)

Number of Hedge Fund Holders: 41
Dividend Yield: 4.6%
Number of Years of Dividend Increases: 41

International Business Machines Corporation (NYSE: IBM) offers integrated solutions and services across the globe. It operates through its Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing segment. The company ranks 4th on our list of dividend stocks with over 20 years of dividend increases.

This July, Morgan Stanley’s Katy Huberty raised her price target on shares of International Business Machines Corporation (NYSE: IBM) from $152 to $164. The analyst also reiterated an Equal Weight rating on the shares.

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 $447.50 million. International Business Machines Corporation (NYSE: IBM) has gained 17.97% in the past 6 months and 14.91% 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.