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

International Business Machines Corporation (NYSE:IBM) announced a quarterly dividend on Wednesday, January 28th. Stockholders of record on Tuesday, February 10th will be given a dividend of 1.68 per share by the technology company on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, February 10th.

International Business Machines has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 30 consecutive years. International Business Machines has a dividend payout ratio of 57.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 6.2%

Shares of IBM traded up $18.12 during mid-day trading on Thursday, reaching $312.28. 5,025,838 shares of the company’s stock traded hands, compared to its average volume of 4,299,865. International Business Machines has a 12 month low of $214.50 and a 12 month high of $324.90. The stock’s 50-day moving average is $302.31 and its two-hundred day moving average is $282.81. The stock has a market cap of $291.89 billion, a P/E ratio of 37.49, a P/E/G ratio of 2.85 and a beta of 0.70. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, January 28th. The technology company reported $4.52 earnings per share for the quarter, topping analysts’ consensus estimates of $4.33 by $0.19. The company had revenue of $19.69 billion during the quarter, compared to analyst estimates of $19.23 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.International Business Machines’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.92 earnings per share. Research analysts forecast that International Business Machines will post 10.78 earnings per share for the current fiscal year.

About International Business Machines

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.