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How to Put $100 Into Your Retirement Fund Every Month With IBM Stock

How to Put $100 Into Your Retirement Fund Every Month With IBM Stock

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International Business Machines Corporation (NYSE:IBM) provides integrated solutions and services worldwide. The company operates through the Software, Consulting, Infrastructure and Financing segments.

It will report its fourth-quarter 2024 earnings on January 22, 2025. Wall Street analysts expect the company to post earnings per share of $3.78, compared to $3.87 in the same period a year ago. According to data from Benzinga Pro, quarterly revenue is expected to reach $17.90 billion, compared to $17.38 billion in the same period a year ago.

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The 52-week price of IBM stock was $157.89 to $239.35.

IBM’s stock dividend yield is 3.03%. Over the last twelve months, the company paid $6.68 per share in dividends.

On October 23, the company reported third-quarter 2024 earnings with revenue of $14.968 billion, missing the consensus estimate of $15.07 billion, according to Benzinga. The company reported a quarterly loss from continuing operations of 34 cents per share.

Total sales increased by 1% year on year. Software revenue increased 10% year on year, consultancy revenue remained stable and infrastructure revenue fell 7%.

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IBM expects constant currency revenue growth of approximately 2% for the fourth quarter. The company also reiterated its expectations to generate $12 billion in free cash flow for the full year 2024.

Whales with a lot of money to spend have taken a noticeably optimistic attitude toward IBM. Check out this article from Benzinga for more information.

If you want to earn $100 a month – $1,200 a year – in IBM dividends, your investment value would need to be about $39,604, which equates to about 180 shares at $220.17 each.

Understanding dividend yield calculations: When estimating, you need two important variables: the desired annual income ($1,200) and the dividend yield (in this case 3.03%). So $1,200 / 0.0303 = $39,604 to generate an income of $100 per month.

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