I Remember My Days Leading Technology Teams
Most of my career was at a company in Milwaukee, Wisconsin. I held various roles, and when I left the company I was the Director of Information Technology Operations. During the entire time I worked at Universal Foods, our main computers were from IBM. This included mainframe computers, the AS/400 midrange platform, and even IBM laptops and desktop computers. We would sometimes refer to IBM as “Big Blue.”
“International Business Machines Corporation (using the trademark IBM), nicknamed Big Blue, is an American multinational technology company headquartered in Armonk, New York and present in over 175 countries. It is a publicly traded company and one of the 30 companies in the Dow Jones Industrial Average. IBM is the largest industrial research organization in the world, with 19 research facilities across a dozen countries, having held the record for most annual U.S. patents generated by a business for 29 consecutive years from 1993 to 2021.” Wikipedia
Although I don’t have any IBM technology in our home, I still like the fact that IBM pays me a dividend as a part owner with 600 shares of IBM stock.
IBM “The Itty-Bitty-Machine” (IBM) Dividend Announced
I am keeping track of dividend announcements for each position in our portfolio. IBM just announced a regular quarterly dividend of $1.67 per share. Here is the update from my spreadsheet.
Stock Rover Dividend History
IBM has a good track record when it comes to dividends..
Options Income from Some of Our IBM Shares
YTD income from IBM options is $3,885 in just a couple of weeks. However, I have been trading options on my IBM shares since March 2021. $12,559 has come in from options trading since that first covered call option trade.
Seeking Alpha’s Virtual Analyst Report
One nice feature of the Seeking Alpha subscription in the “Virtual Analyst Report” that is shown as an orange box next to the company symbol and name. Here is a portion of the report for IBM.
Company Profile
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud-based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients’ acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
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