International Business Machines Co. (NYSE:IBM) Declares $1.67 Quarterly Dividend

International Business Machines Co. (NYSE:IBM) announced a quarterly dividend on Tuesday, January 28th,NASDAQ Dividends reports. Stockholders of record on Monday, February 10th will be given a dividend of 1.67 per share by the technology company on Monday, March 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Monday, February 10th.

International Business Machines has raised its dividend by an average of 0.6% annually over the last three years and has increased its dividend annually for the last 25 consecutive years. International Business Machines has a dividend payout ratio of 59.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect International Business Machines to earn $10.61 per share next year, which means the company should continue to be able to cover its $6.68 annual dividend with an expected future payout ratio of 63.0%.

International Business Machines Stock Up 1.5 %

Shares of NYSE:IBM opened at $229.13 on Thursday. The stock has a market cap of $211.87 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 4.78 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. International Business Machines has a 12-month low of $162.62 and a 12-month high of $239.35. The business’s 50 day moving average is $224.95 and its 200 day moving average is $213.44.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. On average, sell-side analysts forecast that International Business Machines will post 10.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IBM has been the topic of several analyst reports. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Bank of America boosted their price objective on International Business Machines from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price objective on shares of International Business Machines in a research report on Monday. Stifel Nicolaus boosted their price objective on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley cut their price objective on International Business Machines from $222.00 to $217.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $220.40.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This represents a 12.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.07% of the stock is currently owned by corporate insiders.

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.