International Business Machines Corporation (NYSE:IBM) declared a quarterly dividend on Tuesday, October 31st, RTT News reports. Shareholders of record on Friday, November 10th will be given a dividend of 1.50 per share by the technology company on Saturday, December 9th. This represents a $6.00 annualized dividend and a yield of 3.89%. The ex-dividend date is Thursday, November 9th.

International Business Machines Corporation has raised its dividend payment by an average of 14.1% per year over the last three years and has increased its dividend every year for the last 17 years. International Business Machines Corporation has a payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect International Business Machines Corporation to earn $13.91 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 43.1%.

International Business Machines Corporation (NYSE:IBM) opened at 154.06 on Wednesday. The firm’s 50-day moving average is $149.10 and its 200 day moving average is $150.35. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The firm has a market cap of $143.18 billion, a PE ratio of 12.85 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last issued its earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The company had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.29 EPS. On average, equities analysts forecast that International Business Machines Corporation will post $13.80 earnings per share for the current fiscal year.

Several brokerages recently issued reports on IBM. BidaskClub upgraded shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Royal Bank Of Canada reiterated a “hold” rating on shares of International Business Machines Corporation in a research report on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a research report on Friday, July 21st. Morgan Stanley reiterated an “overweight” rating and set a $192.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, August 23rd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $170.00 price target (up previously from $167.00) on shares of International Business Machines Corporation in a research report on Wednesday, October 18th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company’s stock. International Business Machines Corporation has an average rating of “Hold” and an average price target of $158.90.

A number of large investors have recently added to or reduced their stakes in IBM. Citizens Financial Group Inc RI boosted its position in International Business Machines Corporation by 105.0% during the 2nd quarter. Citizens Financial Group Inc RI now owns 41,664 shares of the technology company’s stock worth $6,409,000 after acquiring an additional 21,337 shares during the last quarter. CWA Asset Management Group LLC boosted its position in International Business Machines Corporation by 23.2% during the 2nd quarter. CWA Asset Management Group LLC now owns 19,262 shares of the technology company’s stock worth $2,963,000 after acquiring an additional 3,629 shares during the last quarter. Hugh Johnson Advisors LLC boosted its position in International Business Machines Corporation by 0.9% during the 2nd quarter. Hugh Johnson Advisors LLC now owns 1,403 shares of the technology company’s stock worth $216,000 after acquiring an additional 12 shares during the last quarter. Ameriprise Financial Inc. boosted its position in International Business Machines Corporation by 27.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,744,912 shares of the technology company’s stock worth $267,201,000 after acquiring an additional 370,775 shares during the last quarter. Finally, Bridgewater Associates LP boosted its position in International Business Machines Corporation by 3.5% during the 2nd quarter. Bridgewater Associates LP now owns 87,567 shares of the technology company’s stock worth $13,470,000 after acquiring an additional 2,921 shares during the last quarter. 57.88% of the stock is owned by hedge funds and other institutional investors.

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International Business Machines Corporation Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Dividend History for International Business Machines Corporation (NYSE:IBM)

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