5 Tech Stocks that Pay Dividends

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1. International Business Machines Corporation (NYSE: IBM)

Number of Hedge Fund Holders: 41
Dividend Yield: 4.7%

International Business Machines Corporation (NYSE: IBM) is a computer hardware company based in New York and operating in over 171 countries. The company ranks 1st on our list of tech stocks that pay dividends.

Morgan Stanley raised its price target on shares of International Business Machines Corporation (NYSE: IBM) this July to $164. The firm also holds 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 15.12% in the past 6 months and 12.14% 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.

See also 15 Best Blue Chip Stocks To Buy Now and 22 Largest Family Owned Businesses.

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