International Business Machines Co. (IBM) To Go Ex-Dividend on February 10th

International Business Machines Co. (NYSE:IBM) declared a quarterly dividend on Tuesday, January 28th,NASDAQ Dividends reports. Shareholders 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 2.65%. The ex-dividend date of this dividend is Monday, February 10th.

International Business Machines has increased its dividend by an average of 0.6% per year over the last three years and has raised its dividend annually for the last 25 consecutive years. International Business Machines has a dividend payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect International Business Machines to earn $11.49 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 58.1%.

International Business Machines Price Performance

NYSE:IBM opened at $252.31 on Friday. The company has a market capitalization of $233.30 billion, a P/E ratio of 39.36, a P/E/G ratio of 5.57 and a beta of 0.76. The business’s 50-day moving average is $229.76 and its 200 day moving average is $216.92. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines has a 12 month low of $162.62 and a 12 month high of $265.72.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. On average, equities research analysts forecast that International Business Machines will post 10.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley increased their target price on International Business Machines from $217.00 to $228.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Stifel Nicolaus boosted their price target on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein raised their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $225.53.

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.