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The company reported earnings of $5.48 billion, or $5.54 per share, down from $6.19 billion, or $5.77 per share, last year. Excluding special items, earnings were $5.81 per share – above analysts’ estimate of $5.41 per share.
Revenue came in at $24.11 billion, down from $27.39 billion last year. Analysts expected to see revenue of $24.77 billion.
If IBM is able to stabilize its earnings, the company does offer a fairly attractive dividend of 2.80% with a relatively low payout ratio of just 27%, which means there is room to raise its dividend in the years ahead.
|VTSMX||Vanguard Total Stock Market||1.68%|
|VFINX||Vanguard 500 Index||1.08%|
|FUSEX||Fidelity Spartan® 500 Index||0.42%|
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