How To Put $100 In Your Retirement Fund Each Month With IBM Stock

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How To Put $100 In Your Retirement Fund Each Month With IBM Stock
How To Put $100 In Your Retirement Fund Each 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 Q4 2024 earnings on Jan. 22, 2025. Wall Street analysts expect the company to post an EPS of $3.78, down from $3.87 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $17.90 billion, up from $17.38 billion in the year-ago period.

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

IBM’s stock dividend yield is 3.03%. During the last 12 months, it paid $6.68 per share in dividends.

The Latest On IBM

On Oct. 23, the company announced its Q3 2024 earnings, posting revenues 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 revenue increased 1% year over year. Software revenue was up 10% year over year, consulting revenue was flat and infrastructure revenue was down 7%.

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

Whales with a lot of money to spend have taken a noticeably bullish stance on IBM. Check out this article by Benzinga to learn more.

How Can You Earn $100 Per Month As A IBM Investor?

If you want to make $100 per month –$1,200 annually – from IBM dividends, your investment value needs to be approximately $39,604, which is around 180 shares at $220.17 each.

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