The Infrastructure Solutions segment consists of Dow Building & Construction, Dow Coating Materials, Energy & Water Solutions, Performance Monomers and Infrastructure Solutions-Silicones businesses. Performance Materials & Chemicals consists of Chlor-Alkali and Vinyl, Industrial Solutions and Polyurethanes businesses. The Performance Plastics unit consists of Dow Elastomers, Dow Electrical and Telecommunications, Dow Packaging and Specialty Plastics, Energy and Hydrocarbons businesses.
The dividend yield is 5.29%. The Piper Sandler price objective for Dow stock is $68. The $56.60 consensus target is closer to Tuesday’s close at $52.98.
IBM
This blue chip technology giant still offers investors an incredibly solid entry point, a massive dividend and a conservative way to play the artificial intelligence (AI) explosion. International Business Machines Corp. (NYSE: IBM) provides integrated solutions and services worldwide. The company operates through four business segments.
The Software segment offers hybrid cloud platform and software solutions, such as Red Hat (an enterprise open-source solutions); software for business automation, AIOps and management, integration and application servers; data and artificial intelligence solutions; and security software and services for threat, data and identity. This segment also provides transaction processing software that supports clients’ mission-critical and on-premise workloads in banking, airlines and retail industries.
The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services.
The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients’ mission-critical and regulated workloads, and it supports services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services.
An AI and supercomputer pioneer with Watson, IBM moved away from past projects in 2022 but has vowed to invest $20 billion over the next decade to develop and manufacture semiconductors, mainframe computers and technology used for AI and quantum computing.
IBM stock investors receive a 4.95% dividend. The BofA Securities price target is $152. The lower consensus target is $141.37. Tuesday’s closing print was $135.36.
Again, it is important to remember that the rampage the market has been on this year comes right into the headwind of a 5% increase in the federal funds rate over the past 16 months, and there is a good chance it will be even higher by the end of the year. The tricky part for investors is knowing when the increase in rates will put a dent in the economy. While that remains unknown, history says it will indeed happen, so moving to these top companies with big and dependable dividends may be a solid move now.
Originally published at 24/7 Wall St.
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