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

International Business Machines Co. (NYSE:IBM) declared a quarterly dividend on Tuesday, January 28th,NASDAQ Dividends reports. Stockholders of record on Monday, February 10th will be paid 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 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% 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 59.4% indicating that 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 Price Performance

Shares of NYSE IBM traded up $3.47 during midday trading on Wednesday, hitting $229.13. The stock had a trading volume of 7,019,234 shares, compared to its average volume of 3,872,003. International Business Machines has a 1 year low of $162.62 and a 1 year high of $239.35. The company has a market capitalization of $211.87 billion, a PE ratio of 33.35, a P/E/G ratio of 4.78 and a beta of 0.74. The stock has a 50 day simple moving average of $224.95 and a 200-day simple moving average of $213.44. 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 (NYSE:IBM) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that International Business Machines will post 10.16 EPS for the current fiscal year.

Insider Transactions at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction on 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 of the company’s stock, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IBM shares. Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. StockNews.com cut International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Jefferies Financial Group boosted their target price on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Stifel Nicolaus upped their target price on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Bernstein Bank increased their price objective on International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines currently has a consensus rating of “Hold” and an average target price 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.