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IBM Stock: This 4.49% Yielding Dividend Aristocrat Can Outperform In 2023 (NYSE:IBM) - Seeking Alpha

Over the previous 5 years, International Business Machines (NYSE:IBM) has underperformed the overall market in addition to big tech. Over the years, IBM has seen Berkshire Hathaway (BRK.A) exit its position, and investors question IBM's relevance in cutting-edge technology going forward. With Amazon's (AMZN) AWS and Microsoft's (MSFT) Azure dominating the cloud, questions around the $34 billion acquisition of RedHat and IBM's future continued to put downward pressure on shares. Through it all, IBM remained a cash cow, delivering billions in net income and free cash flow (FCF) annually. IBM had declined so low that the bear market in 2022 didn't make shares decline further, and IBM was so beaten up that their ability to generate positive ...

seekingalpha.com     Dec 15, 2022