The following video is part of our “Motley Fool Conversations” series, in which analyst John Reeves and analyst Jason Moser discuss topics across the investing world.
Buffett built up a big position in IBM, even though he’s been traditionally leery of tech stocks. This company has performed extremely well as of late, however, and Berkshire now owns 5.5% of shares outstanding. Jason likes the stock as well, and he walks us through the bullish case.
IBM currently pays a yield of around 1.5%, which is far below the average a typical ASX blue-chip company would pay. As a comparison, AMP Limited (ASX: AMP) yields around 6.6%, Harvey Norman (ASX: HVN) 5.2% and JB Hi-Fi Limited (ASX: JBH) 7.4%.
If you’re interested in learning about some ASX companies that deliver higher yields, The Motley Fool has compiled a special free report outlining our 3 top, dependable, dividend-paying stocks. It’s called “Secure Your Future With 3 Rock-Solid Dividend Stocks.” You can access your complimentary copy today at no cost! Just click here to discover the winners we’ve picked.
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This article was originally written by John Reeves, and published on Fool.com. It has been updated.
5 stocks under $5
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