International Business Machines Corporation (IBM) to Issue Quarterly Dividend of $1.68 on December 10th

International Business Machines Corporation (NYSE:IBM) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Monday, November 10th will be paid a dividend of 1.68 per share by the technology company on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, November 10th.

International Business Machines has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 30 consecutive years. International Business Machines has a dividend payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

NYSE:IBM opened at $306.64 on Friday. The firm has a market cap of $286.63 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. International Business Machines has a fifty-two week low of $204.07 and a fifty-two week high of $319.35. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.89 and a current ratio of 0.93. The business has a 50 day moving average price of $279.45 and a 200-day moving average price of $268.83.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The business had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.10 billion. During the same quarter last year, the business posted $2.30 EPS. The business’s revenue was up 9.1% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. Equities research analysts predict that International Business Machines will post 10.78 earnings per share for the current year.

Hedge Funds Weigh In On International Business Machines

Several hedge funds have recently added to or reduced their stakes in the business. CFS Investment Advisory Services LLC increased its position in International Business Machines by 0.4% during the third quarter. CFS Investment Advisory Services LLC now owns 9,359 shares of the technology company’s stock worth $2,878,000 after purchasing an additional 34 shares during the last quarter. KPP Advisory Services LLC lifted its holdings in shares of International Business Machines by 1.7% in the 3rd quarter. KPP Advisory Services LLC now owns 2,069 shares of the technology company’s stock worth $584,000 after purchasing an additional 34 shares during the last quarter. Marco Investment Management LLC increased its position in International Business Machines by 0.3% in the 3rd quarter. Marco Investment Management LLC now owns 10,774 shares of the technology company’s stock valued at $3,040,000 after acquiring an additional 34 shares during the period. MA Private Wealth lifted its position in International Business Machines by 1.5% in the third quarter. MA Private Wealth now owns 2,242 shares of the technology company’s stock worth $633,000 after purchasing an additional 34 shares during the period. Finally, Lifestyle Asset Management Inc. raised its holdings in shares of International Business Machines by 1.7% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company’s stock worth $632,000 after purchasing an additional 36 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.