International Business Machines Corporation

IBM30 yrs growth

Technology · Information Technology Services · Stock · quarterly payer

$253.44

Fairly valued · +3% Add to Portfolio

Forward Yield

2.67%

Annual Dividend

$6.76

Payout Ratio

58%

5-Yr Growth

1.5%

Ex-Date

Nov 10, 2026

Frequency

Quarterly

Key facts about IBM's dividend

Data as of Oct 27, 2026 · Source: SmarterDividends data

As of Oct 27, 2026, International Business Machines Corporation (IBM) has a forward dividend yield of 2.67%, based on an annual dividend of $6.76 per share and a share price of $253.44.
As of Oct 27, 2026, IBM's dividend safety grade from SmarterDividends is A (91 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, International Business Machines Corporation (IBM) has raised its dividend for 30 consecutive years as of Oct 27, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
IBM last cut its regular dividend in 1994.
IBM's next ex-dividend date is Nov 10, 2026, with payment on Dec 10, 2026. Shares must be owned before that date to receive the dividend.
As of Oct 27, 2026, IBM pays out 58% of its trailing 12-month earnings as dividends (its payout ratio).
IBM's dividend has grown at an average rate of 1.5% a year over the past five years.
As of Oct 27, 2026, IBM's 2.67% yield is 35% below its five-year average yield of 4.10%.
As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for IBM is $261.74 per share, 3% above the $253.44 share price, so IBM screens as fairly valued.
International Business Machines Corporation (IBM) pays its dividend quarterly, 4 times a year.
International Business Machines Corporation (IBM) has raised its regular dividend 45 times and cut it 2 times across the 226 payments on record since 1970. Its most recent change was a 0.6% increase to $1.69 per share, going ex-dividend on May 8, 2026. The last cut went ex-dividend on Aug 5, 1993.
IBM (IBM) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 0.6%, was declared on Apr 22, 2026.

Cite this page

SmarterDividends, "IBM Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/IBM

Summary

As of Oct 27, 2026, International Business Machines Corporation (IBM) yields 2.67% ($6.76 a year per share), has a dividend safety grade of A (91/100) and has 30 consecutive years of dividend increases on record.

Is IBM a good dividend stock?

Yes

International Business Machines Corporation (IBM) pays a quarterly dividend yielding 2.67% ($6.76/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

Dividend Aristocrat — 30 consecutive years of growth
Comfortable payout ratio (58%)
117% total price return over 5 years
Top-tier dividend safety score

Risks

Cut its dividend in 1994

Key Data

Dividend Yield: 2.67%
Payout Ratio: 58%
Annual Dividend: $6.76
5-Yr Avg Growth: 1.5%
Ex-Dividend Date: Nov 10, 2026
Years of Growth: 30
Frequency: quarterly
Beta: 0.72
Market Cap: $239.5B
P/E Ratio: 21.6
5-Yr Total Return: 117%
52-Week Range: $199.19 – $332.46
Dividend Safety: A · 91/100
Ever Cut?: Yes (1994)

IBM dividend raises and cuts

International Business Machines Corporation (IBM) has raised its regular dividend 45 times and cut it 2 times across the 226 payments on record since 1970. Its most recent change was a 0.6% increase to $1.69 per share, going ex-dividend on May 8, 2026. The last cut went ex-dividend on Aug 5, 1993.

Ex-date	Change	Old → new	Move
May 8, 2026	Raise	$1.68 → $1.69	+0.6%
May 9, 2025	Raise	$1.67 → $1.68	+0.6%
May 9, 2024	Raise	$1.66 → $1.67	+0.6%
May 9, 2023	Raise	$1.65 → $1.66	+0.6%
May 9, 2022	Raise	$1.64 → $1.65	+0.6%
Nov 9, 2021	Raise	$1.57 → $1.64	+4.6%
May 7, 2021	Raise	$1.56 → $1.57	+0.6%
May 7, 2020	Raise	$1.55 → $1.56	+0.6%
May 9, 2019	Raise	$1.50 → $1.55	+3.2%
May 9, 2018	Raise	$1.43 → $1.50	+4.7%
May 8, 2017	Raise	$1.34 → $1.43	+7.1%
May 6, 2016	Raise	$1.24 → $1.34	+7.7%

Show all 47 changes since 1971

Ex-date	Change	Old → new	Move
May 6, 2015	Raise	$1.05 → $1.24	+18.2%
May 7, 2014	Raise	$0.908 → $1.05	+15.8%
May 8, 2013	Raise	$0.813 → $0.908	+11.8%
May 8, 2012	Raise	$0.717 → $0.813	+13.3%
May 6, 2011	Raise	$0.621 → $0.717	+15.4%
May 6, 2010	Raise	$0.526 → $0.621	+18.2%
May 6, 2009	Raise	$0.478 → $0.526	+10.0%
May 7, 2008	Raise	$0.382 → $0.478	+25.0%
May 8, 2007	Raise	$0.287 → $0.382	+33.3%
May 8, 2006	Raise	$0.191 → $0.287	+50.0%
May 6, 2005	Raise	$0.172 → $0.191	+11.1%
May 6, 2004	Raise	$0.153 → $0.172	+12.5%
May 7, 2003	Raise	$0.143 → $0.153	+6.7%
May 8, 2002	Raise	$0.134 → $0.143	+7.1%
May 8, 2001	Raise	$0.124 → $0.134	+7.7%
May 8, 2000	Raise	$0.115 → $0.124	+8.3%
May 6, 1999	Raise	$0.105 → $0.115	+9.1%
May 6, 1998	Raise	$0.0956 → $0.105	+10.0%
May 7, 1997	Raise	$0.0837 → $0.0956	+14.3%
May 8, 1996	Raise	$0.0598 → $0.0837	+40.0%
Aug 5, 1993	Cut	$0.129 → $0.0598	−53.7%
Feb 4, 1993	Cut	$0.289 → $0.129	−55.4%
May 4, 1989	Raise	$0.263 → $0.289	+10.0%
Aug 8, 1984	Raise	$0.227 → $0.263	+15.8%
May 5, 1983	Raise	$0.206 → $0.227	+10.5%
Feb 7, 1979	Raise	$0.172 → $0.206	+19.4%
Feb 3, 1978	Raise	$0.149 → $0.172	+15.2%
Feb 3, 1977	Raise	$0.134 → $0.149	+11.1%
Aug 5, 1976	Raise	$0.105 → $0.134	+28.6%
Aug 7, 1975	Raise	$0.0896 → $0.105	+16.7%
Aug 8, 1974	Raise	$0.0765 → $0.0896	+17.2%
Feb 6, 1974	Raise	$0.0669 → $0.0765	+14.3%
Feb 7, 1973	Raise	$0.0645 → $0.0669	+3.7%
Feb 3, 1972	Raise	$0.0621 → $0.0645	+3.8%
Feb 5, 1971	Raise	$0.0574 → $0.0621	+8.3%

Every IBM payment →Download every raise and cut (CSV)

IBM ex-dividend date & scheduleNext ex-date Nov 10, 2026 · full ex-dividend historyView →IBM dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is IBM a good dividend stock?

Yes. International Business Machines Corporation (IBM) pays a quarterly dividend yielding 2.67% ($6.76/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is IBM undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, IBM's fair value is about $261.74 versus a $253.44 share price — so it looks fairly valued (+3% vs. fair value).

Is IBM's dividend safe?

IBM has a dividend-safety grade of A (91/100), based on its payout coverage, free-cash-flow, 30-year growth streak, a dividend cut in 1994, debt and yield-versus-history.

What is IBM's fair value?

Our blended fair-value estimate for IBM is about $261.74 per share, roughly 3% above the current $253.44 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is IBM a buy, hold, or sell?

We don't issue formal ratings, but on the data IBM screens as "yes" and fairly valued. International Business Machines Corporation (IBM) pays a quarterly dividend yielding 2.67% ($6.76/yr), with 30 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will IBM cut its dividend?

IBM earns a dividend-safety grade of A (91/100), and has cut its dividend before (last in 1994). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does IBM pay a dividend?

Yes. International Business Machines Corporation pays a quarterly dividend of about $6.76 per share annually, a forward yield of roughly 2.67%.

What is IBM's dividend yield?

As of Oct 27, 2026, IBM's forward dividend yield is 2.67%, based on a $6.76 annual dividend and a $253.44 share price.

What is IBM's dividend per share?

As of Oct 27, 2026, IBM pays $6.76 per share per year, distributed on a quarterly basis.

What is IBM's dividend payout ratio?

As of Oct 27, 2026, IBM's payout ratio is 58% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has IBM grown its dividend?

As of Oct 27, 2026, IBM has increased its dividend for 30 consecutive years.

When is the next IBM ex-dividend date?

As of Oct 27, 2026, the next ex-dividend date on record for IBM is Nov 10, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full IBM dividend history →

Ex-Date	Pay Date	Amount	Type
Aug 10, 2026	Sep 10, 2026	$1.6900	regular
May 8, 2026	Jun 10, 2026	$1.6900	regular
Feb 10, 2026	Mar 10, 2026	$1.6800	regular
Nov 10, 2025	Dec 10, 2025	$1.6800	regular
Aug 8, 2025	Sep 10, 2025	$1.6800	regular
May 9, 2025	Jun 10, 2025	$1.6800	regular
Feb 10, 2025	Mar 10, 2025	$1.6700	regular
Nov 12, 2024	Dec 10, 2024	$1.6700	regular
Aug 9, 2024	Sep 10, 2024	$1.6700	regular
May 9, 2024	Jun 10, 2024	$1.6700	regular
Feb 8, 2024	Mar 9, 2024	$1.6600	regular
Nov 9, 2023	Dec 9, 2023	$1.6600	regular
Aug 9, 2023	Sep 9, 2023	$1.6600	regular
May 9, 2023	Jun 10, 2023	$1.6600	regular