Is IBM stock in the dividend bargain bin?

IBM just got hit with one of its worst single-day drops in years. Shares fell over 13.2% on Feb. 23, 2026, closing at $223.35. The culprit? Anthropicannounced its Claude Code tool could automate much of the tedious, expensive work involved in COBOL modernization — a key IBM (IBM) business. That panic-driven sell-off pushed IBM stock down more than 24% year to date. For growth investors, that's a problem. But for dividend hunters, the drop may have opened a door worth walking through. The question isn't w ...