International Business Machines Co. (IBM) to Issue Quarterly Dividend of $1.67 on March 10th

International Business Machines Co. (NYSE:IBM) announced a quarterly dividend on Tuesday, January 28th,NASDAQ Dividends reports. Investors 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 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, February 10th.

International Business Machines has raised its dividend payment by an average of 0.6% per year over the last three years and has increased its dividend annually for the last 25 consecutive years. International Business Machines has a payout ratio of 59.5% meaning its dividend is sufficiently covered by earnings. Research 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 %

IBM opened at $229.13 on Thursday. International Business Machines has a 1-year low of $162.62 and a 1-year high of $239.35. The stock’s fifty day simple moving average is $224.95 and its 200 day simple moving average is $213.44. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The stock has a market cap of $211.87 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. As a group, research analysts expect that International Business Machines will post 10.16 earnings per share for the current year.

Insider Transactions at International Business Machines

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group increased their price objective on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a research report on Monday. 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 increased 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. Finally, Stifel Nicolaus increased their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $220.40.

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.