International Business Machines Corporation: dividend

IBMNYSETechnology · Computer & office Equipment

Price

$247.13

November 13, 2026Market cap $232B

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What Ploutos Investor adds for International Business Machines

Part of Ploutos Investor, €9.99 a month

See the plans
  • The full history: 17 fiscal years, from 2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Yield

2.73%

$6.75 per share over the last 12 months, at a price of $247.13.

Forward yield2.74%($1.69 a quarter)

FCF coverThe year's free cash flow was 2.3 times the dividend it paid.
2.3x
Payout57% of the last 12 months' earnings went to the dividend.
57%
No cutWithout a cut since 2009, the first year of our figures: the run may be longer.
16+
5-year growthAverage yearly growth over the last five years.
+0.6%
Debt / EBITDAMoney that goes to interest does not go to the dividend.
4.1x

The dividend year by year

What it paid per share each fiscal year, how much that changed, and the yield it gave at the price at year end.

+0.6% a year over 5 years
  • 2025
    Dividend per share$6.71
  • 2024
    Dividend per share$6.67
  • 2023
    Dividend per share$6.63

Each fiscal year's dividend as the company states it in its filings, adjusted for stock splits. Special dividends count in the year they were paid.

The dividend year by year

IBM's dividend per share each fiscal year, from 2009 to 2022, 14 more fiscal years

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Everything it returns to shareholders

The dividend is one way. The other is buybacks, which reduce the number of shares.

Dividend yield

2.73%

$27.30 a year per $1,000 of shares

Buybacks

–

The share count rose by 1.2% over the year, so more shares were issued than bought back.

Total returned

2.73%

$27.30 a year per $1,000 of shares

IBM beside the other dividend payers

Where it stands among this week's 968 dividend payers, and in the Technology sector. The dot is the company, the white line the median.

Dividend yield2.73%

Above 64% of the payers · median 2.03%

In Technology: above 92%, median 1.01%.

Covered by free cash flow2.3x

Above 32% of the payers · median 3.6x

In Technology: above 20%, median 4.2x.

Dividend growth, 5 years+0.6%

Above 12% of the payers · median +6.3%

In Technology: above 19%, median +7.8%.

Share of earnings paid out57%

Above 74% of the payers · median 35%

In Technology: above 90%, median 28%.

Yield, cover and years without a cut for almost 1,000 stocks, in one table.The table

The full analysis

What do International Business Machines's filings show?

The dividend is one part of International Business Machines's picture. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about IBM's dividend

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What is IBM's dividend yield?

International Business Machines paid $6.75 per share over the last 12 months. At a price of $247.13, that is a yield of 2.73%.

Does IBM cover its dividend with the cash it makes?

Yes, over the last year. International Business Machines's free cash flow was 2.3 times the dividend it paid.

Has IBM ever cut its dividend?

International Business Machines has not cut its dividend for 16+ years, in the 17 years of figures we hold.

How much has IBM's dividend grown?

International Business Machines's dividend per share changed by +0.6% a year on average over the last five years.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.GlossaryEvery figure in plain words: what it is, how it is worked out, how to read it.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.