International Business Machines Corporation (NYSE:IBM) Declares Quarterly Dividend of $1.68

International Business Machines Corporation (NYSE:IBM) declared a quarterly dividend on Wednesday, January 28th. Stockholders of record on Tuesday, February 10th will be paid a dividend of 1.68 per share by the technology company on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, February 10th.

International Business Machines has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 30 consecutive years. International Business Machines has a payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect International Business Machines to earn $11.60 per share next year, which means the company should continue to be able to cover its $6.72 annual dividend with an expected future payout ratio of 57.9%.

International Business Machines Stock Up 5.2%

Shares of International Business Machines stock traded up $15.40 during trading on Thursday, reaching $309.56. The company’s stock had a trading volume of 5,614,391 shares, compared to its average volume of 4,343,813. International Business Machines has a 1-year low of $214.50 and a 1-year high of $324.90. The company has a 50-day simple moving average of $302.31 and a two-hundred day simple moving average of $282.81. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The company has a market cap of $289.35 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 2.85 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 EPS for the quarter, beating analysts’ consensus estimates of $4.33 by $0.19. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company had revenue of $19.69 billion during the quarter, compared to analysts’ expectations of $19.23 billion. During the same period last year, the business posted $3.92 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that International Business Machines will post 10.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IBM. McGowan Group Asset Management Inc. grew its position in shares of International Business Machines by 1.2% during the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after acquiring an additional 33 shares during the period. Richard C. Young & CO. LTD. raised its holdings in International Business Machines by 0.9% in the 4th quarter. Richard C. Young & CO. LTD. now owns 72,770 shares of the technology company’s stock worth $21,555,000 after purchasing an additional 676 shares during the period. Vanguard Group Inc. boosted its position in International Business Machines by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after purchasing an additional 1,439,824 shares in the last quarter. Approach Retirement Advisors LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $740,000. Finally, Klingman & Associates LLC increased its position in shares of International Business Machines by 10.8% in the fourth quarter. Klingman & Associates LLC now owns 5,132 shares of the technology company’s stock valued at $1,520,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

About International Business Machines

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.