3 Top-Rated Dividend Stocks To Buy In Q2 2021

International Business Machines Corporation (IBM)

IBM is a leading provider of enterprise solutions, offering a broad portfolio of IT hardware, business and IT services, and a full suite of software solutions. The company is a dominant provider of mainframes and is a prominent player in the public clouds space. It also offers data management systems and other software products, like middleware and integration software.

The company has a strong patent portfolio, which makes its customers loyal. IBM is also seeing strong demand for its cloud-based solutions, blockchain, security, and digital transformation offerings. The company should benefit from growth in its cloud & cognitive software as its customers more towards hybrid infrastructures. Going forward, IBM’s growth is expected to be driven by analytics, cloud computing, and security.

IBM has the largest dividend yield of the three at 4.9%. The company has an overall grade of B, which translates into a Buy rating in our POWR Ratings system. IBM has a Value Grade of B with a trailing P/E of 21.4 and a forward P/E of 11.89. The company also has a Momentum Grade of B as its stock has shown positive momentum since early March.

For the rest of IBM’s grades (Growth, Stability, Sentiment, and Quality), click here. IBM is ranked #10 in the B-rated Technology – Hardware industry. For more top stocks in that industry, click here.

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VZ shares were unchanged in after-hours trading Thursday. Year-to-date, VZ has gained 0.33%, versus a 11.60% rise in the benchmark S&P 500 index during the same period.

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