International Business Machines Corporation (NYSE:IBM) Shareholders to Get $1.69 Quarterly Dividend

Key Points

• IBM declared a quarterly dividend of $1.69 per share, payable December 10 to shareholders of record on November 10. The annualized dividend is $6.76 per share, representing a 2.7% yield.
• The dividend appears supported by earnings, with a current payout ratio of 58.1% and an expected future payout ratio of 51.2% based on projected earnings.
• IBM’s latest results exceeded expectations: adjusted EPS was $2.95 versus the $2.85 consensus, while revenue rose 4.7% year over year to $17.10 billion.

International Business Machines Corporation (NYSE:IBM - Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Tuesday, November 10th will be paid a dividend of $1.69 per share by the technology company on Thursday, December 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th.

International Business Machines has a dividend payout ratio of 58.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect International Business Machines to earn $13.20 per share next year, which means the company should continue to be able to cover its $6.76 annual dividend with an expected future payout ratio of 51.2%.

International Business Machines Price Performance

Shares of International Business Machines stock traded down $4.79 during trading hours on Thursday, hitting $246.67. The company's stock had a trading volume of 4,914,134 shares, compared to its average volume of 7,449,258. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. International Business Machines has a 12-month low of $199.19 and a 12-month high of $332.46. The business has a 50 day moving average price of $232.36 and a two-hundred day moving average price of $243.60. The company has a market cap of $232.40 billion, a PE ratio of 21.90, a PEG ratio of 2.32 and a beta of 0.73.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.10. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%. The company had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $16.82 billion. During the same period in the previous year, the firm earned $2.65 EPS. The firm's revenue was up 4.7% compared to the same quarter last year. Analysts expect that International Business Machines will post 12.34 earnings per share for the current fiscal year.

International Business Machines Company Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.

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