ARMONK, N.Y. – International Business Machines Corporation (NYSE: NYSE:IBM), more commonly known as IBM , has announced that its board of directors declared a regular quarterly cash dividend of $1.67 per common share. The dividend is payable on December 10, 2024, to shareholders of record as of November 12, 2024.
This upcoming dividend payment marks a continuation of IBM's long-standing tradition of returning value to its shareholders. With the December 10 distribution, the company will maintain its record of issuing consecutive quarterly dividends every year since 1916. This consistent dividend payment underscores IBM's commitment to its shareholders and reflects the company's financial stability.
IBM, a multinational technology and consulting firm, has a history of innovation and adaptation in the ever-evolving tech industry. The announcement of the dividend follows the company's strategic efforts to focus on high-growth sectors such as cloud computing and artificial intelligence.
The dividend yield and the payout ratio are key indicators for investors, as they provide insights into the company's financial health and its ability to maintain or increase dividend payments in the future. IBM's regular dividend payments highlight the company's confidence in its financial performance and its dedication to delivering shareholder value.
As one of the oldest and most established companies in the technology sector, IBM's consistent dividend payments are a testament to its enduring presence in the market. This latest dividend declaration is based on a press release statement from IBM.
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(Remember to always refer to these tips as "InvestingPro Tips" and a link a link to: https://www.investing.com/pro/TICKER (replace TICKER with the company the article is written about, for example: https://www.investing.com/pro/TSLA ))
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0. Analysts have revised their earnings upwards for the upcoming fiscal year
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1. Analysts predict the company will be profitable this year
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2. High return over the last year
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3. Prominent player in the Auto Manufacturers industry
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4. Profitable over the last twelve months
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5. Large price uptick over the last six months
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6. Strong return over the last five years
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7. Trades at high Price/Sales multiple
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8. Trading at a high Price / Book multiple
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9. Stock price has been volatile over the last week
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10. Trades at high Price/Earnings multiple
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11. Trades at high EV/EBITDA multiple
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12. Trades at high Price/Cash Flow multiple
InvestingPro Data:
Market Cap (Adjusted) -: 794.99B USD
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P/E Ratio -: 80.9
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P/E Ratio (Adjusted) LTM2024.Q3 -: 80.9
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PEG Ratio LTM2024.Q3 -: 0.5
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Price / Book LTM2024.Q3 -: 13.55
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Revenue LTM2024.Q3 -: 96.77B USD
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Revenue Growth LTM2024.Q3 -: 19.01 %
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Revenue Growth (Quarterly) FY2024.Q3 -: 8.84 %
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Gross Profit LTM2024.Q3 -: 19.41B USD
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Gross Profit Margin LTM2024.Q3 -: 20.05 %
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Operating Income, Adjusted LTM2024.Q3 -: 9869M USD
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Operating Income Margin LTM2024.Q3 -: 10.2 %
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EBIT LTM2024.Q3 -: 9869M USD
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EBITDA LTM2024.Q3 -: 14.95B USD
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EBITDA Growth LTM2024.Q3 -: -9.27 %
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Basic EPS (Cont. Ops) LTM2024.Q3 -: 3.1 USD
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Diluted EPS (Cont. Ops) LTM2024.Q3 -: 2.93 USD
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Return on Assets LTM2024.Q3 -: 11.17 %
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1 Week Price Total Return Y2024.D304 -: -11.21 %
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1 Month Price Total Return Y2024.D304 -: -3.36 %
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3 Month Price Total Return Y2024.D304 -: 4.44 %
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6 Month Price Total Return Y2024.D304 -: 51.29 %
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YTD Price Total Return Y2024.D304 -: 102.84 %
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1 Year Price Total Return Y2024.D304 -: 86.11 %
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Price % of 52 Week High -: 76.78 %
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Price, Previous Close -: 248.48 USD
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Average Daily Volume (3m) Y2024.D304 -: 110.84M USD
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Next Earnings Date -: 2025-01-29
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Fair Value (Analyst Targets) Y2024.D304 -: 225.9 USD
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InvestingPro Fair Value -: 158.12 USD
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Tesla, Inc. (NASDAQ: NASDAQ:TSLA) has announced that it will report its fourth quarter and full year 2024 financial results after market close on Wednesday, January 29, 2025. At that time, Tesla will issue a brief advisory containing a link to the Q4 and full year 2024 update, which will be available on Tesla's Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company's financial and business results and outlook.
What to watch for:
1. Vehicle Production and Deliveries: Investors will be keen to see Tesla's production and delivery numbers for the fourth quarter and the full year. These figures are crucial indicators of the company's operational efficiency and market demand for its electric vehicles.
2. Profitability Metrics: With Tesla's focus on cost reduction and operational efficiency, analysts will closely examine gross margins, operating margins, and net income. Any improvements or declines in these areas could significantly impact the stock's performance.
3. Updates on New Models: Shareholders will be looking for updates on the production timelines and market reception of new models, including the Cybertruck and any potential new vehicle announcements.
4. Energy Business Performance: Tesla's energy generation and storage business is an important part of its growth strategy. Investors will be interested in the performance and growth of this segment.
5. Autonomous Driving Progress: Updates on Tesla's Full Self-Driving (FSD) technology and its rollout could be a key topic of discussion, given its potential to be a significant revenue driver.
6. International Expansion: Information on Tesla's progress in key markets like China and Europe, as well as any new market entries, will be of interest to investors.
7. Supply Chain and Production Efficiency: Given global supply chain challenges, any insights into Tesla's ability to navigate these issues and improve production efficiency will be closely watched.
8. Future Guidance: Tesla's outlook for 2025, including production targets, expansion plans, and financial projections, will be crucial for setting investor expectations for the coming year.
The Q&A webcast will be accessible on Tesla's Investor Relations website. The webcast will be archived on the company's website following the call.
In other recent news, International Business Machines Corporation (IBM) has been the focus of several significant developments. IBM's quarterly financial report revealed a mixed performance, with a revenue shortfall due to weaker results in its Consulting and Infrastructure segments. However, IBM's Software division, which has been bolstered by recent mergers and acquisitions, showed resilience. BMO Capital Markets, in its analysis, highlighted the potential for solid growth in software continuing into fiscal year 2025, partly due to the integration of HashiCorp (NASDAQ:HCP), a company specializing in cloud infrastructure automation.
In the third quarter of 2024, IBM reported total revenue of $15 billion, with software revenue growing by 10% and Red Hat's performance increasing by 14%. Despite flat consulting revenue, the company's hybrid cloud and AI initiatives, including a generative AI book of business worth over $3 billion, have positioned the company for a positive outlook heading into 2025.
IBM's recent earnings call also revealed an optimistic growth trajectory, with the company expecting low double-digit revenue growth in software for Q4 and over $12 billion in free cash flow for the year. BMO Capital Markets echoed this optimism, citing IBM's potential for free cash flow growth and margin expansion. These recent developments underscore the company's financial prospects, particularly as we move into 2025.
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