5 Stocks with Over 15 Years of Dividend Hikes

2. International Business Machines Corp. (NYSE:IBM)

Number of Hedge Fund Holders: 41

Number of Years of Dividend Increases: 26

Dividend Yield: 4.54%

This October, Credit Suisse analyst Matthew Cabral raised his price target on International Business Machines Corp. (NYSE:IBM) to $176 from $167 and reiterated an Outperform rating on the shares after the company hosted an investor briefing outlining its hybrid cloud strategy, business plan and target financial model post the expected spinoff of its MIS business.

By the end of the second quarter of 2021, 41 hedge funds out of the elite 873 funds tracked by Insider Monkey held stakes in International Business Machines Corp. (NYSE:IBM).