International Business Machines Corporation (IBM) To Go Ex-Dividend on August 10th

International Business Machines Corporation (NYSE:IBM) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Monday, August 10th will be paid a dividend of 1.69 per share by the technology company on Thursday, September 10th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, August 10th.

International Business Machines has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 30 years. International Business Machines has a payout ratio of 58.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect International Business Machines to earn $13.16 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 51.4%.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $206.70 on Friday. The stock has a market cap of $194.28 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.23 and a beta of 0.68. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. International Business Machines has a 12 month low of $199.19 and a 12 month high of $332.46. The stock’s 50 day moving average price is $263.03 and its 200 day moving average price is $260.82.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.93. International Business Machines had a return on equity of 36.58% and a net margin of 15.52%.The firm had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.46 billion. During the same period last year, the company posted $2.80 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts anticipate that International Business Machines will post 12.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on IBM shares. Wolfe Research cut International Business Machines to a “peer perform” rating in a research note on Tuesday, June 23rd. HSBC set a $175.00 price target on shares of International Business Machines and gave the stock a “reduce” rating in a research report on Thursday, July 16th. Bank of America upped their price target on shares of International Business Machines from $315.00 to $330.00 and gave the company a “buy” rating in a report on Monday, July 6th. BMO Capital Markets reduced their price objective on shares of International Business Machines from $270.00 to $230.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, Morgan Stanley lowered their price objective on shares of International Business Machines from $293.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Thursday. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $269.80.

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.