International Business Machines Corp

NYSE : IBM
USA·Technology·Software·Ordinary Shares
$232.14
−2.85 (−1.20%)Oct 16 close
Market Cap
$217.84B
Enterprise Value
$275.07B
P/E (TTM)
20.60
P/B
6.35
Net Cash / (Debt)
−$57.14B
52-Week Range
$206 — $329
5-Year Range
$116 — $329
Avg Volume (3M)
11.21M
ListingsNYSEXTERCHIXLIM
Dividend Yield (TTM)
2.90%
vs 5Y avg 3.78% · 10Y avg 4.23%
Dividend Yield (Forward)
2.91%
4 payments/yr (spacing)
Dividends / Share (TTM)
$6.74
Forward (annualized): $6.76
Payout Ratio (EPS, TTM)
59.7%
Payout Ratio (FCF, TTM)
48.7%
Dividend CAGR (3Y / 5Y / 10Y)
3Y0.6%5Y0.6%10Y3.0%
Consecutive Growth Years
30
as of 2025
Years Without a Cut
31
as of 2025
Total Shareholder Yield (TTM)
3.00%
Div 2.86% + Net buyback 0.14%

Growth, streak and CAGR figures exclude special dividends.

Dividends per share

Cash dividends, split-adjusted · USD

Payout ratio

Dividends per share ÷ diluted EPS and ÷ free cash flow per share, by fiscal year.

Dividend yield

Trailing-twelve-month dividends ÷ month-end price.

Capital returns

Net buybacks = repurchases − stock issuance, fiscal-year cash flows. SBC shown for dilution context.

Total Shareholder Yield (TTM)
3.0%
Dividends 2.9% + Net buybacks 0.1%
Net Buyback (TTM)
$319M
Gross $1.05B − Issuance $727M
SBC (TTM)
$1.88B
Share-based compensation, dilution driver
Net share-count change % / yr

Annual dividend growth

Dividend growth is steady (0.6% latest vs 0.6% 3-yr avg).

YearDPS (regular sum, USD)ChangeHikes
20256.71+0.6%1
20246.67+0.6%1
20236.63+0.6%1
20226.59+0.6%1
20216.55+0.6%1
20206.51+1.2%1
20196.43+3.5%1
20186.21+5.3%1
20175.90+7.3%1
20165.50+10.0%1
20155.00+17.6%1
20144.25+14.9%1
20133.70+12.1%1
20123.30+13.8%1
20112.90+16.0%1

Special dividends are excluded from these figures. Based on 163 regular payments.

Payment history (163 payments)

As declaredΔ%TypeFrequencyDeclarationRecordPay date
2026-08-10$1.69–0.0%Cashquarterly2026-07-222026-08-102026-09-10
2026-05-08$1.69–+0.6%Cashquarterly2026-04-222026-05-082026-06-10
2026-02-10$1.68–0.0%Cashquarterly2026-01-282026-02-102026-03-10
2025-11-10$1.68–0.0%Cashquarterly2025-10-232025-11-102025-12-10
2025-08-08$1.68–0.0%Cashquarterly2025-07-232025-08-082025-09-10
2025-05-09$1.68–+0.6%Cashquarterly2025-04-292025-05-092025-06-10
2025-02-10$1.67–0.0%Cashquarterly2025-01-282025-02-102025-03-10
2024-11-12$1.67–0.0%Cashquarterly2024-10-302024-11-122024-12-10
2024-08-09$1.67–0.0%Cashquarterly2024-07-292024-08-092024-09-10
2024-05-09$1.67–+0.6%Cashquarterly2024-04-302024-05-102024-06-10
2024-02-08$1.66–0.0%Cashquarterly2024-01-302024-02-092024-03-09
2023-11-09$1.66–0.0%Cashquarterly2023-10-302023-11-102023-12-09
2023-08-09$1.66–0.0%Cashquarterly2023-07-242023-08-102023-09-09
2023-05-09$1.66–+0.6%Cashquarterly2023-04-252023-05-102023-06-10
2023-02-09$1.65–0.0%Cashquarterly2023-01-312023-02-102023-03-10
2022-11-09$1.65–0.0%Cashquarterly2022-10-252022-11-102022-12-10
2022-08-09$1.65–0.0%Cashquarterly2022-07-262022-08-102022-09-10
2022-05-09$1.65–+0.6%Cashquarterly2022-04-262022-05-102022-06-10
2022-02-10$1.64–0.0%Cashquarterly2022-02-012022-02-112022-03-10
2021-11-09$1.64–0.0%Cashquarterly2021-10-262021-11-102021-12-10
2021-08-09$1.64–0.0%Cashquarterly2021-07-272021-08-102021-09-10
2021-05-07$1.64–+0.6%Cashquarterly2021-04-272021-05-102021-06-10
2021-02-09$1.63–0.0%Cashquarterly2021-01-272021-02-102021-03-10
2020-11-09$1.63–0.0%Cashquarterly2020-10-272020-11-102020-12-10
2020-08-07$1.63–0.0%Cashquarterly2020-07-282020-08-102020-09-10
2020-05-07$1.63–+0.6%Cashquarterly2020-04-282020-05-082020-06-10
2020-02-07$1.62–0.0%Cashquarterly2020-01-282020-02-102020-03-10
2019-11-07$1.62–0.0%Cashquarterly2019-10-262019-11-082019-12-10
2019-08-08$1.62–0.0%Cashquarterly2019-07-302019-08-092019-09-10
2019-05-09$1.62–+3.2%Cashquarterly2019-04-302019-05-102019-06-10
2019-02-07$1.57–0.0%Cashquarterly2019-01-292019-02-082019-03-09
2018-11-08$1.57–0.0%Cashquarterly2018-10-302018-11-092018-12-10
2018-08-09$1.57–0.0%Cashquarterly2018-07-312018-08-102018-09-10
2018-05-09$1.57–+4.7%Cashquarterly2018-04-242018-05-102018-06-09
2018-02-08$1.5–0.0%Cashquarterly2018-01-312018-02-092018-03-10
2017-11-09$1.5–0.0%Cashquarterly2017-10-312017-11-102017-12-09
2017-08-08$1.5–0.0%Cashquarterly2017-07-252017-08-102017-09-09
2017-05-08$1.5–+7.1%Cashquarterly2017-04-252017-05-102017-06-10
2017-02-08$1.4–0.0%Cashquarterly2017-01-312017-02-102017-03-10
2016-11-08$1.4–0.0%Cashquarterly2016-10-252016-11-102016-12-10
2016-08-08$1.4–0.0%Cashquarterly2016-07-262016-08-102016-09-10
2016-05-06$1.4–+7.7%Cashquarterly2016-04-262016-05-102016-06-10
2016-02-08$1.3–0.0%Cashquarterly2016-01-272016-02-102016-03-10
2015-11-06$1.3–0.0%Cashquarterly2015-10-272015-11-102015-12-10
2015-08-06$1.3–0.0%Cashquarterly2015-07-282015-08-102015-09-10
2015-05-06$1.3–+18.2%Cashquarterly2015-04-282015-05-082015-06-10
2015-02-06$1.1–0.0%Cashquarterly2015-01-272015-02-102015-03-10
2014-11-06$1.1–0.0%Cashquarterly2014-10-282014-11-102014-12-10
2014-08-06$1.1–0.0%Cashquarterly2014-07-292014-08-082014-09-10
2014-05-07$1.1–+15.8%Cashquarterly2014-04-292014-05-092014-06-10
2014-02-06$0.95–0.0%Cashquarterly2014-01-282014-02-102014-03-10
2013-11-06$0.95–0.0%Cashquarterly2013-10-292013-11-082013-12-10
2013-08-07$0.95–0.0%Cashquarterly2013-07-302013-08-092013-09-10
2013-05-08$0.95–+11.8%Cashquarterly2013-04-302013-05-102013-06-10
2013-02-06$0.85–0.0%Cashquarterly2013-01-292013-02-082013-03-09
2012-11-07$0.85–0.0%Cashquarterly2012-10-302012-11-092012-12-10
2012-08-08$0.85–0.0%Cashquarterly2012-08-012012-08-102012-09-10
2012-05-08$0.85–+13.3%Cashquarterly2012-04-242012-05-102012-06-09
2012-02-08$0.75–0.0%Cashquarterly2012-02-012012-02-102012-03-10
2011-11-08$0.75–0.0%Cashquarterly2011-10-262011-11-102011-12-10
2011-08-08$0.75–0.0%Cashquarterly2011-07-272011-08-102011-09-10
2011-05-06$0.75–+15.4%Cashquarterly2011-04-272011-05-102011-06-10
2011-02-08$0.65–0.0%Cashquarterly2011-01-262011-02-102011-03-10
2010-11-08$0.65–0.0%Cashquarterly2010-10-272010-11-102010-12-10
2010-08-06$0.65–0.0%Cashquarterly2010-07-282010-08-102010-09-10
2010-05-06$0.65–+18.2%Cashquarterly2010-04-282010-05-102010-06-10
2010-02-08$0.55–0.0%Cashquarterly2010-01-272010-02-102010-03-10
2009-11-06$0.55–0.0%Cashquarterly2009-10-282009-11-102009-12-10
2009-08-06$0.55–0.0%Cashquarterly2009-07-292009-08-102009-09-10
2009-05-06$0.55–+10.0%Cashquarterly2009-04-302009-05-082009-06-10
2009-02-06$0.5–0.0%Cashquarterly2009-01-282009-02-102009-03-10
2008-11-06$0.5–0.0%Cashquarterly2008-10-292008-11-102008-12-10
2008-08-06$0.5–0.0%Cashquarterly2008-07-302008-08-082008-09-10
2008-05-07$0.5–+25.0%Cashquarterly2008-04-292008-05-092008-06-10
2008-02-06$0.4–0.0%Cashquarterly2008-01-292008-02-082008-03-10
2007-11-07$0.4–0.0%Cashquarterly2007-10-302007-11-092007-12-10
2007-08-08$0.4–0.0%Cashquarterly2007-07-312007-08-102007-09-10
2007-05-08$0.4–+33.3%Cashquarterly2007-04-242007-05-102007-06-09
2007-02-07$0.3–0.0%Cashquarterly2007-01-302007-02-092007-03-10
2006-11-08$0.3–0.0%Cashquarterly2006-10-312006-11-102006-12-09
2006-08-08$0.3–0.0%Cashquarterly2006-07-252006-08-102006-09-09
2006-05-08$0.3–+50.0%Cashquarterly2006-04-252006-05-102006-06-10
2006-02-08$0.2–0.0%Cashquarterly2006-01-312006-02-102006-03-10
2005-11-08$0.2–0.0%Cashquarterly2005-10-252005-11-102005-12-10
2005-08-08$0.2–0.0%Cashquarterly2005-07-272005-08-102005-09-10
2005-05-06$0.2–+11.1%Cashquarterly2005-04-272005-05-102005-06-10
2005-02-08$0.18–0.0%Cashquarterly2004-12-302005-02-102005-03-10
2004-11-08$0.18–0.0%Cashquarterly2004-10-262004-11-102004-12-10
2004-08-06$0.18–0.0%Cashquarterly2004-07-272004-08-102004-09-10
2004-05-06$0.18–+12.5%Cashquarterly2004-04-272004-05-102004-06-10
2004-02-06$0.16–0.0%Cashquarterly2003-12-262004-02-102004-03-10
2003-11-06$0.16–0.0%Cashquarterly2003-10-282003-11-102003-12-10
2003-08-06$0.16–0.0%Cashquarterly2003-07-292003-08-082003-09-10
2003-05-07$0.16–+6.7%Cashquarterly2003-04-292003-05-092003-06-10
2003-02-06$0.15–0.0%Cashquarterly2003-01-282003-02-102003-03-10
2002-11-06$0.15–0.0%Cashquarterly2002-10-292002-11-082002-12-10
2002-08-07$0.15–0.0%Cashquarterly2002-07-302002-08-092002-09-10
2002-05-08$0.15–+7.1%Cashquarterly2002-04-302002-05-102002-06-10
2002-02-06$0.14–0.0%Cashquarterly2001-12-282002-02-082002-03-09
2001-11-07$0.14–0.0%Cashquarterly2001-10-302001-11-092001-12-10
2001-08-08$0.14–0.0%Cashquarterly2001-07-312001-08-102001-09-10
2001-05-08$0.14–+7.7%Cashquarterly2001-04-242001-05-102001-06-09
2001-02-07$0.13–0.0%Cashquarterly2001-01-302001-02-092001-03-10
2000-11-08$0.13–0.0%Cashquarterly2000-10-312000-11-102000-12-09
2000-08-08$0.13–0.0%Cashquarterly2000-07-282000-08-102000-09-09
2000-05-08$0.13–+8.3%Cashquarterly2000-04-252000-05-102000-06-10
2000-02-08$0.12–0.0%Cashquarterly2000-01-252000-02-102000-03-10
1999-11-08$0.12–0.0%Cashquarterly1999-10-261999-11-101999-12-10
1999-08-06$0.12–0.0%Cashquarterly1999-07-271999-08-101999-09-10
1999-05-06$0.12$0.24+9.1%Cashquarterly1999-03-251999-05-04-
1999-02-08$0.11$0.220.0%Cashquarterly1999-01-261999-02-101999-03-10
1998-11-06$0.11$0.220.0%Cashquarterly1998-10-271998-11-101998-12-10
1998-08-06$0.11$0.220.0%Cashquarterly1998-07-281998-08-101998-09-10
1998-05-06$0.11$0.22+10.0%Cashquarterly1998-04-281998-05-081998-06-10
1998-02-06$0.1$0.20.0%Cashquarterly1998-01-271998-02-101998-03-10
1997-11-06$0.1$0.20.0%Cashquarterly1997-10-281997-11-101997-12-10
1997-08-07$0.1$0.20.0%Cashquarterly1997-07-291997-08-111997-09-10
1997-05-07$0.1$0.4+14.3%Cashquarterly1997-04-291997-05-091997-06-10
1997-02-06$0.0875$0.350.0%Cashquarterly1997-01-281997-02-101997-03-10
1996-11-06$0.0875$0.350.0%Cashquarterly1996-10-281996-11-081996-12-10
1996-08-07$0.0875$0.350.0%Cashquarterly1996-07-301996-08-091996-09-10
1996-05-08$0.0875$0.35+40.0%Cashquarterly1996-04-171996-05-101996-06-10
1996-02-07$0.0625$0.250.0%Cashquarterly1996-01-301996-02-091996-03-09
1995-11-08$0.0625$0.250.0%Cashquarterly1995-10-301995-11-101995-12-09
1995-08-08$0.0625$0.250.0%Cashquarterly1995-07-251995-08-101995-09-09
1995-05-04$0.0625$0.250.0%Cashquarterly1995-04-251995-05-101995-06-10
1995-02-06$0.0625$0.250.0%Cashquarterly1995-01-311995-02-101995-03-10
1994-11-04$0.0625$0.250.0%Cashquarterly1994-10-241994-11-101994-12-10
1994-08-04$0.0625$0.250.0%Cashquarterly1994-07-261994-08-101994-09-10
1994-05-05$0.0625$0.250.0%Cashquarterly1994-04-251994-05-111994-06-10
1994-02-04$0.0625$0.250.0%Cashquarterly1994-01-251994-02-101994-03-10
1993-11-04$0.0625$0.250.0%Cashquarterly1993-10-261993-11-101993-12-10
1993-08-05$0.0625$0.25-53.7%Cashquarterly1993-07-271993-08-111993-09-10
1993-05-06$0.135$0.540.0%Cashquarterly1993-04-261993-05-121993-06-10
1993-02-04$0.135$0.54-55.4%Cashquarterly1993-01-261993-02-101993-03-10
1992-11-05$0.3025$1.210.0%Cashquarterly1992-10-271992-11-121992-12-10
1992-08-06$0.3025$1.210.0%Cashquarterly1992-07-281992-08-121992-09-10
1992-05-07$0.3025$1.210.0%Cashquarterly1992-04-271992-05-131992-06-10
1992-02-06$0.3025$1.210.0%Cashquarterly1992-01-281992-02-121992-03-10
1991-11-04$0.3025$1.210.0%Cashquarterly1991-10-291991-11-081991-12-10
1991-08-06$0.3025$1.210.0%Cashquarterly1991-07-301991-08-121991-09-10
1991-05-06$0.3025$1.210.0%Cashquarterly1991-04-291991-05-101991-06-10
1991-02-04$0.3025$1.210.0%Cashquarterly1991-01-291991-02-081991-03-09
1990-11-05$0.3025$1.210.0%Cashquarterly1990-10-301990-11-091990-12-10
1990-08-06$0.3025$1.210.0%Cashquarterly1990-07-311990-08-101990-09-10
1990-05-04$0.3025$1.210.0%Cashquarterly1990-04-301990-05-101990-06-09
1990-02-05$0.3025$1.210.0%Cashquarterly1990-01-301990-02-091990-03-10
1989-11-02$0.3025$1.210.0%Cashquarterly1989-10-311989-11-081989-12-09
1989-08-03$0.3025$1.210.0%Cashquarterly1989-07-251989-08-091989-09-09
1989-05-04$0.3025$1.21+10.0%Cashquarterly1989-04-241989-05-101989-06-10
1989-02-02$0.275$1.10.0%Cashquarterly1989-01-311989-02-081989-03-10
1988-11-04$0.275$1.10.0%Cashquarterly1988-10-251988-11-101988-12-10
1988-08-04$0.275$1.10.0%Cashquarterly1988-07-261988-08-101988-09-10
1988-05-05$0.275$1.10.0%Cashquarterly1988-04-251988-05-111988-06-10
1988-02-04$0.275$1.10.0%Cashquarterly1988-01-261988-02-101988-03-10
1987-11-05$0.275$1.10.0%Cashquarterly1987-10-271987-11-121987-12-10
1987-08-06$0.275$1.10.0%Cashquarterly1987-07-281987-08-121987-09-10
1987-05-07$0.275$1.10.0%Cashquarterly1987-04-271987-05-131987-06-10
1987-02-05$0.275$1.10.0%Cashquarterly1987-01-271987-02-111987-03-10
1986-11-05$0.275$1.10.0%Cashquarterly1986-10-281986-11-121986-12-10
1986-08-07$0.275$1.10.0%Cashquarterly1986-07-291986-08-131986-09-10
1986-05-08$0.275$1.10.0%Cashquarterly1986-04-281986-05-141986-06-10
1986-02-07$0.275$1.1–Cashquarterly1986-01-281986-02-131986-03-10

Splits (4)

DateRatioCumulative
1973-05-295:4×20 to today
1979-06-014:1×16 to today
1997-05-282:1×4 to today
1999-05-272:1×2 to today