International Business Machines Corporation (IBM) to Issue Quarterly Dividend of $1.69 on September 10th

International Business Machines Corporation (NYSE:IBM) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 10th will be given a dividend of 1.69 per share by the technology company on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th.

International Business Machines has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 30 years. International Business Machines has a dividend payout ratio of 58.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect International Business Machines to earn $13.23 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 51.1%.

International Business Machines Stock Performance

Shares of IBM opened at $237.08 on Friday. The company’s 50 day moving average price is $258.59 and its 200 day moving average price is $255.29. International Business Machines has a 52 week low of $199.19 and a 52 week high of $332.46. The company has a market capitalization of $223.36 billion, a PE ratio of 21.04, a PEG ratio of 2.29 and a beta of 0.70. 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 (NYSE:IBM) last released its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, meeting the consensus estimate of $2.93. The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.80 EPS. Research analysts expect that International Business Machines will post 12.34 EPS for the current fiscal year.

Institutional Investors Weigh In On International Business Machines

A number of large investors have recently bought and sold shares of the business. Family CFO Inc acquired a new position in shares of International Business Machines during the 4th quarter valued at about $25,000. Basepoint Wealth LLC acquired a new stake in International Business Machines in the 4th quarter worth approximately $25,000. Portus Wealth Advisors LLC bought a new stake in International Business Machines during the first quarter worth approximately $26,000. Harborfront Financial Group LLC bought a new stake in International Business Machines during the second quarter worth approximately $27,000. Finally, Joseph Group Capital Management acquired a new position in International Business Machines during the fourth quarter valued at approximately $28,000. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.