International Business Machines Corp. (IBM) Announces Quarterly Dividend of $0.95
International Business Machines Corp. (NYSE:IBM) declared a quarterly dividend on Tuesday, January 28th, American Banking and Market News reports. Investors of record on Monday, February 10th will be given a dividend of 0.95 per share on Monday, March 10th. This represents a $3.80 dividend on an annualized basis and a 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 Monday. They now have a $189.00 price target on the stock. On the ratings front, analysts at TheStreet reiterated a “buy” rating on shares of International Business Machines Corp. in a research note to investors on Monday. Finally, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of International Business Machines Corp. in a research note to investors on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $201.45.
Shares of International Business Machines Corp. (NYSE:IBM) traded down 0.49% on Tuesday, hitting $177.02. The stock had a trading volume of 3,128,759 shares. International Business Machines Corp. has a 52-week low of $172.57 and a 52-week high of $215.90. The stock’s 50-day moving average is $183. and its 200-day moving average is $184.9. The company has a market cap of $192.2 billion and a price-to-earnings ratio of 12.32.
International Business Machines Corp. (NYSE:IBM) last released its earnings data on Tuesday, January 21st. The company reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.99 by $0.14. The company had revenue of $27.70 billion for the quarter, compared to the consensus estimate of $28.26 billion. During the same quarter last year, the company posted $5.39 earnings per share. International Business Machines Corp.’s revenue was down 5.5% compared to the same quarter last year. Analysts expect that International Business Machines Corp. will post $16.88 EPS for the current fiscal year.
International Business Machines Corporation (NYSE:IBM) is an information technology (IT) company.
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