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

International Business Machines Corporation (NYSE:IBM) announced a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Monday, November 10th will be given 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 2.3%. The ex-dividend date is Monday, November 10th.

International Business Machines has a dividend payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. 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

IBM opened at $287.57 on Thursday. The firm has a market capitalization of $267.27 billion, a P/E ratio of 46.68, a price-to-earnings-growth ratio of 4.34 and a beta of 0.73. The stock’s 50 day moving average price is $263.92 and its two-hundred day moving average price is $262.56. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines has a 12-month low of $203.51 and a 12-month high of $301.04.

International Business Machines (NYSE:IBM) last announced 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 37.62% and a net margin of 9.11%.The company had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter last year, the firm earned $2.30 EPS. International Business Machines’s revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts forecast that International Business Machines will post 10.78 earnings per share for the current year.

Institutional Trading of International Business Machines

Institutional investors have recently modified their holdings of the company. Brooklyn Investment Group lifted its holdings in shares of International Business Machines by 32.7% in the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after purchasing an additional 1,630 shares in the last quarter. Edgar Lomax Co. VA lifted its holdings in shares of International Business Machines by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after purchasing an additional 12,690 shares in the last quarter. Left Brain Wealth Management LLC raised its holdings in International Business Machines by 1,547.8% during the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock worth $4,392,000 after acquiring an additional 16,592 shares in the last quarter. Alpha Cubed Investments LLC raised its holdings in International Business Machines by 47.0% during the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock worth $1,867,000 after acquiring an additional 2,399 shares in the last quarter. Finally, Wedbush Securities Inc. raised its holdings in International Business Machines by 5.6% during the first quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock worth $15,434,000 after acquiring an additional 3,276 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

About International Business Machines

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.