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

International Business Machines Corporation (NYSE:IBM) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Tuesday, November 10th will be given 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 2.8%. The ex-dividend date of this dividend is Tuesday, November 10th.

International Business Machines has a dividend payout ratio of 58.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect International Business Machines to earn $13.24 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 NYSE:IBM opened at $244.71 on Friday. The firm has a fifty day simple moving average of $236.76 and a two-hundred day simple moving average of $248.64. International Business Machines has a 52 week low of $199.19 and a 52 week high of $332.46. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $231.28 billion, a P/E ratio of 20.86, a PEG ratio of 2.41 and a beta of 0.78.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.10. The business had revenue of $17.10 billion during the quarter, compared to analyst estimates of $16.82 billion. International Business Machines had a return on equity of 34.37% and a net margin of 15.99%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $2.65 EPS. On average, analysts expect that International Business Machines will post 12.41 earnings per share for the current fiscal year.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers.

IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.

The company traces its roots to the Computing-Tabulating-Recording Company, formed in 1911, and adopted the name International Business Machines in 1924.