This Tech Giant Is About to Acquire the Status of Dividend Aristocrat

Love it or hate it, the revolution in information technology is not going anywhere. There’s no doubt we live in a rapidly changing and increasingly complex world. As income investors, we don’t have to stand idly by watching these new technologies change the way most businesses operate and most consumers function. Income-oriented investors can participate in the future, too, even without giving up much dividend income.

I believe that some companies such as a 4.4%-yielding International Business Machines (NYSE: IBM), while having cheaper valuations because of past missteps and/or the weight of the older “legacy” business, do have significant potential to play a role in the future and make money from the advances in modern technology. At current valuations, with almost no future growth expectations incorporated in the market share price, any improvement in IBM’s business should reward investors quite nicely.

Source: InvestorPlace

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