Buy IBM For Likely Upside Driven By Dividend Growth
by Stock Gamer
Shares of International Business Machine (IBM) have returned only 3.72% over the past 12 months. At $193.27 per share, the stock is trading at the mid-point of the 52-week trading range between $177.06 and $211.79 and offers a dividend yield at 1.8%. According to Capital IQ, sell-side analysts are generally not very bullish on the stock. Of the total 33 ratings, there are 8 buys, 5 outperforms, 19 holds, and 1 underperform. However, I am of the view that despite trading near the fair value, IBM remains a quality dividend investment given the robust dividend growth potential. In this article, I will elaborate the analysis that supports my view. read more »
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