Top 5 Dividend Champions of 2021 (Part III)

4. International Business Machines (NYSE:IBM)

Dividend Yield: 5.39%

IBM became a dividend champion in 2021. The computing giant’s shares have gained over 4% in the last 3 months. However, IBM shares recently plummeted after the company missed revenue estimates for the fourth quarter, amid weaknesses in Cloud & Cognitive segment.  Total cloud revenue still jumped about 10% on a year-over-year basis to reach $7.5 billion. In 2021, the company expects annual revenue growth with FCF of $11 billion to $12 billion.

As of the end of the third quarter, 40 hedge funds tracked by Insider Monkey were long IBM. The total value of these stakes is $639.2 million.