International Business Machines Corp. Announces Quarterly Dividend of $0.95 (IBM)
International Business Machines Corp. (NYSE:IBM) announced a quarterly dividend on Tuesday, October 29th, Stock Ratings Network reports. Investors of record on Friday, November 8th will be paid a dividend of $0.95 per share on Tuesday, December 10th. This represents a $3.80 annualized dividend and a dividend yield of 2.14%.
A number of analysts have recently weighed in on IBM shares. Analysts at Zacks reiterated a “neutral” rating on shares of International Business Machines Corp. in a research note to investors on Wednesday, October 23rd. They now have a $184.00 price target on the stock. On a related note, analysts at Thomson Reuters/Verus upgraded shares of International Business Machines Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 21st. Finally, analysts at Argus downgraded shares of International Business Machines Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, October 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. International Business Machines Corp. currently has an average rating of “Hold” and a consensus price target of $202.58.
International Business Machines Corp. (NYSE:IBM) traded up 2.07% during mid-day trading on Tuesday, hitting $181.03. The stock had a trading volume of 4,947,025 shares. International Business Machines Corp. has a 1-year low of $181.10 and a 1-year high of $215.90. The stock has a 50-day moving average of $188.0 and a 200-day moving average of $199.5. The company has a market cap of $197.3 billion and a P/E ratio of 12.28.
International Business Machines Corp. (NYSE:IBM) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $3.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.96 by $0.03. The company had revenue of $23.70 billion for the quarter, compared to the consensus estimate of $24.77 billion. During the same quarter last year, the company posted $3.62 earnings per share. International Business Machines Corp.’s revenue was down 4.1% compared to the same quarter last year. On average, analysts predict that International Business Machines Corp. will post $16.87 earnings per share for the current fiscal year.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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