IBM Named Top Socially Responsible Dividend Stock by Dividend Channel

IBM is a Socially Responsible Investment
Feb 17, 2020 5:10 PM ET
Article

International Business Machines has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 4.2% yield, as well as being recognized by prominent asset managers as being a socially responsible investment, through analysis of social and environmental criteria. Environmental criteria include considerations like the environmental impact of the company's products and services, as well as the company's efficiency in terms of its use of energy and resources. Social criteria include elements such as human rights, child labor, corporate diversity, and the company's impact on society — for instance, taken into consideration would be business activities tied to weapons, gambling, tobacco, and alcohol.

According to the ETF Finder at ETF Channel, International Business Machines Corp is a member of both the iShares MSCI USA ESG Select ETF (SUSA), making up 1.01% of the underlying holdings of the fund, as well as the iShares MSCI KLD 400 Social Index Fund ETF (DSI), where IBM makes up 0.92% of the underlying holdings of the fund.