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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.
You can calculate the dividend yield by dividing the annual dividend payments by the current share price.
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The dividend yield can change over time due to fluctuating stock prices and evolving dividend payments.
For example, suppose a stock that pays out $2 in annual dividends is worth $50. The dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in the stock price to $40 will have the opposite effect and increase the dividend yield to 5% ($2/$40).
In summary, income-oriented investors may find IBM stock an attractive option to earn a stable income of $100 per month by owning 180 shares. There may be more upside potential as investors benefit from the company’s consistent dividend increases. IBM has increased its dividend consecutively for the past 29 years.
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This article How to Put $100 Into Your Retirement Fund Every Month With IBM Stock originally appeared on Benzinga.com
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