TLDR:

Investors looking for a technology stock with a reliable passive income stream and strong upside potential should consider International Business Machines (IBM). IBM, which has a presence in over 175 countries, has consistently paid among the highest dividends in the technology sector. Despite concerns about the sustainability of its dividends, the company’s strong profitability and growth rank offer reassurance. IBM is a leading provider of enterprise solutions, with five major divisions that integrate hardware, software, and services to provide high-value solutions. The company’s acquisition of Red Hat in 2019 has bolstered its cloud capabilities and positioned it for future success. Overall, IBM presents a solid opportunity for passive income investors in the technology sector.

Introduction:

Investors love dividend stocks because they provide dependable income and offer the potential for solid total return. Technology stocks, in particular, have performed well in the stock market, and therefore screening for the best technology dividend stock is crucial for passive income investors.

Key Points:

• Passive income is a steady stream of unearned income that doesn’t require active traditional work.
• International Business Machines (IBM) stands out as a dividend winner and potential stock for passive income investors due to its consistent high dividend payments and the sustainability of its dividends.
• IBM is a multi-national technology corporation that has a presence in more than 175 countries.
• The company has a strong profitability and growth rank, which provides reassurance about the sustainability of its dividends.
• IBM is a leading provider of enterprise solutions, offering hardware, software, and services across five major divisions.
• The company’s acquisition of Red Hat in 2019 has expanded its cloud capabilities and positioned it for future success.

Conclusion:

International Business Machines (IBM) is an attractive technology stock for passive income investors. Its consistent high dividend payments and strong profitability make it a reliable source of passive income. Additionally, its position as a leading provider of enterprise solutions and its acquisition of Red Hat contribute to its solid upside potential. Overall, IBM presents a compelling opportunity for investors looking for passive income in the technology sector.