IBM (IBM) Dividend History & Yield
Dividend ChampionIBM (IBM) has increased its dividend for 31 consecutive years and currently yields 2.99%. The most recent dividend was $1.6800/share on Mar 10, 2026, paid Quarterly.
IBM
Current Yield
2.99%
TTM Dividend/Share
$6.73
Payment Frequency
Quarterly
Payout Ratio
59.5%
Consecutive Growth Years
31 (Dividend Champion)
Div Growth (1Y CAGR)
0.60%
Div Growth (5Y CAGR)
1.52%
Div Growth (10Y CAGR)
3.45%
IBM: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
4.5%
FCF payout ratio
12.2%
Net debt / EBITDA
3.7x
Interest coverage
5.77x
ROIC (TTM)
13.0%
Dividend Safety Score
5 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 59.5%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($12.42) covers dividend/share ($6.73).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
31 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 12.2%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.7x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (1.5%) exceeds EPS growth (-2.8%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 8, 2026
- Payment date
- Jun 10, 2026
- Dividend
- $1.6900
- Adj. dividend
- $1.6900
Ex-date Feb 10, 2026
- Payment date
- Mar 10, 2026
- Dividend
- $1.6800
- Adj. dividend
- $1.6800
Ex-date Nov 10, 2025
- Payment date
- Dec 10, 2025
- Dividend
- $1.6800
- Adj. dividend
- $1.6800
Ex-date Aug 8, 2025
- Payment date
- Sep 10, 2025
- Dividend
- $1.6800
- Adj. dividend
- $1.6800
Ex-date May 9, 2025
- Payment date
- Jun 10, 2025
- Dividend
- $1.6800
- Adj. dividend
- $1.6800
Ex-date Feb 10, 2025
- Payment date
- Mar 10, 2025
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
Ex-date Nov 12, 2024
- Payment date
- Dec 10, 2024
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
Ex-date Aug 9, 2024
- Payment date
- Sep 10, 2024
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
Ex-date May 9, 2024
- Payment date
- Jun 10, 2024
- Dividend
- $1.6700
- Adj. dividend
- $1.6700
Ex-date Feb 8, 2024
- Payment date
- Mar 9, 2024
- Dividend
- $1.6600
- Adj. dividend
- $1.6600
Ex-date Nov 9, 2023
- Payment date
- Dec 9, 2023
- Dividend
- $1.6600
- Adj. dividend
- $1.6600
Ex-date Aug 9, 2023
- Payment date
- Sep 9, 2023
- Dividend
- $1.6600
- Adj. dividend
- $1.6600
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 8, 2026 | Jun 10, 2026 | $1.6900 | $1.6900 |
| Feb 10, 2026 | Mar 10, 2026 | $1.6800 | $1.6800 |
| Nov 10, 2025 | Dec 10, 2025 | $1.6800 | $1.6800 |
| Aug 8, 2025 | Sep 10, 2025 | $1.6800 | $1.6800 |
| May 9, 2025 | Jun 10, 2025 | $1.6800 | $1.6800 |
| Feb 10, 2025 | Mar 10, 2025 | $1.6700 | $1.6700 |
| Nov 12, 2024 | Dec 10, 2024 | $1.6700 | $1.6700 |
| Aug 9, 2024 | Sep 10, 2024 | $1.6700 | $1.6700 |
| May 9, 2024 | Jun 10, 2024 | $1.6700 | $1.6700 |
| Feb 8, 2024 | Mar 9, 2024 | $1.6600 | $1.6600 |
| Nov 9, 2023 | Dec 9, 2023 | $1.6600 | $1.6600 |
| Aug 9, 2023 | Sep 9, 2023 | $1.6600 | $1.6600 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
IBM has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 31 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $6.7100 | — | — |
| 2025 | $6.6700 | $6.7100 | +0.6% |
| 2024 | $6.6300 | $6.6700 | +0.6% |
| 2023 | $6.5900 | $6.6300 | +0.6% |
| 2022 | $6.3341 | $6.5900 | +4.0% |
| 2021 | $6.2237 | $6.3341 | +1.8% |
| 2020 | $6.1472 | $6.2237 | +1.2% |
| 2019 | $5.9369 | $6.1472 | +3.5% |
| 2018 | $5.6405 | $5.9369 | +5.3% |
| 2017 | $5.2581 | $5.6405 | +7.3% |
| 2016 | $4.7801 | $5.2581 | +10.0% |
| 2015 | $4.0631 | $4.7801 | +17.6% |
| 2014 | $3.5373 | $4.0631 | +14.9% |
| 2013 | $3.1549 | $3.5373 | +12.1% |
| 2012 | $2.7725 | $3.1549 | +13.8% |
| 2011 | $2.3901 | $2.7725 | +16.0% |
| 2010 | $2.0554 | $2.3901 | +16.3% |
| 2009 | $1.8164 | $2.0554 | +13.2% |
| 2008 | $1.4340 | $1.8164 | +26.7% |
| 2007 | $1.0516 | $1.4340 | +36.4% |
| 2006 | $0.7457 | $1.0516 | +41.0% |
| 2005 | $0.6692 | $0.7457 | +11.4% |
| 2004 | $0.6023 | $0.6692 | +11.1% |
| 2003 | $0.5640 | $0.6023 | +6.8% |
| 2002 | $0.5258 | $0.5640 | +7.3% |
| 2001 | $0.4876 | $0.5258 | +7.8% |
| 2000 | $0.4493 | $0.4876 | +8.5% |
| 1999 | $0.4111 | $0.4493 | +9.3% |
| 1998 | $0.3705 | $0.4111 | +11.0% |
| 1997 | $0.3107 | $0.3705 | +19.2% |
| 1996 | $0.2390 | $0.3107 | +30.0% |
| 1995 | $0.2390 | $0.2390 | 0.0% |
| 1994 | $0.3776 | $0.2390 | -36.7% |
| 1993 | $1.1568 | $0.3776 | -67.4% |
| 1992 | $1.1568 | $1.1568 | 0.0% |
| 1991 | $1.1568 | $1.1568 | 0.0% |
| 1990 | $1.1305 | $1.1568 | +2.3% |
| 1989 | $1.0516 | $1.1305 | +7.5% |
| 1988 | $1.0516 | $1.0516 | 0.0% |
| 1987 | $1.0516 | $1.0516 | 0.0% |
| 1986 | $1.0516 | $1.0516 | 0.0% |
| 1985 | $0.9799 | $1.0516 | +7.3% |
| 1984 | $0.8867 | $0.9799 | +10.5% |
| 1983 | $0.8222 | $0.8867 | +7.8% |
| 1982 | $0.8222 | $0.8222 | 0.0% |
| 1981 | $0.8222 | $0.8222 | 0.0% |
| 1980 | $0.8222 | $0.8222 | 0.0% |
| 1979 | $0.6883 | $0.8222 | +19.5% |
| 1978 | $0.5975 | $0.6883 | +15.2% |
| 1977 | $0.4780 | $0.5975 | +25.0% |
| 1976 | $0.3884 | $0.4780 | +23.1% |
| 1975 | $0.3322 | $0.3884 | +16.9% |
| 1974 | $0.2677 | $0.3322 | +24.1% |
| 1973 | $0.2581 | $0.2677 | +3.7% |
| 1972 | $0.2486 | $0.2581 | +3.8% |
| 1971 | — | $0.2486 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for IBM (IBM) from the consolidated cash flow statement, in USD as filed.
Latest period
$6.28B
YoY change
+1.8%
5Y CAGR
+1.5%
Peak year (2025)
$6.25B
Latest annual
$6.25B
Cash dividends paid over time for IBM (IBM)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for IBM (IBM)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $6.25B | +1.8% | +$108.00M | ||
| 2024 | $6.15B | +1.8% | +$107.00M | ||
| 2023 | $6.04B | +1.5% | +$92.00M | ||
| 2022 | $5.95B | +1.3% | +$79.00M | ||
| 2021 | $5.87B | +1.2% | +$72.00M | ||
| 2020 | $5.80B | +1.6% | +$90.00M | ||
| 2019 | $5.71B | +0.7% | +$41.00M | ||
| 2018 | $5.67B | +2.9% | +$160.00M | ||
| 2017 | $5.51B | +4.8% | +$250.00M | ||
| 2016 | $5.26B | +7.3% | +$359.00M | ||
| 2015 | $4.90B | +14.8% | +$632.00M | ||
| 2014 | $4.26B | +5.1% | +$207.00M | ||
| 2013 | $4.06B | +7.6% | +$285.00M | ||
| 2012 | $3.77B | +8.6% | +$300.00M | ||
| 2011 | $3.47B | +9.3% | +$296.00M | ||
| 2010 | $3.18B | +11.1% | +$317.00M | ||
| 2009 | $2.86B | +10.6% | +$275.00M | ||
| 2008 | $2.58B | +20.4% | +$438.00M | ||
| 2007 | $2.15B | +27.6% | +$464.00M | ||
| 2006 | $1.68B | +34.6% | +$433.00M | ||
| 2005 | $1.25B | +6.5% | +$76.00M | ||
| 2004 | $1.17B | +8.2% | +$89.00M | ||
| 2003 | $1.08B | +8.0% | +$80.00M | ||
| 2002 | $1.00B | +4.0% | +$39.00M | ||
| 2001 | $966.00M | +4.0% | +$37.00M | ||
| 2000 | $929.00M | +5.7% | +$50.00M | ||
| 1999 | $879.00M | +5.4% | +$45.00M | ||
| 1998 | $834.00M | +6.5% | +$51.00M | ||
| 1997 | $783.00M | +10.9% | +$77.00M | ||
| 1996 | $706.00M | +19.5% | +$115.00M | ||
| 1995 | $591.00M | -10.7% | -$71.00M | ||
| 1994 | $662.00M | -29.0% | -$271.00M | ||
| 1993 | $933.00M | -66.3% | -$1.83B | ||
| 1992 | $2.77B | -0.2% | -$6.00M | ||
| 1991 | $2.77B | -0.1% | -$3.00M | ||
| 1990 | $2.77B | +0.8% | +$22.00M | ||
| 1989 | $2.75B | — | — |
In 2025, IBM (IBM) dividends paid totalled $6.25B – edged up 1.8% year-over-year.
Across 2020–2025 (5 years), IBM dividends paid produced a CAGR of +1.5% – sustaining 30 straight years of year-over-year growth.
$6.25B stands as the all-time-high annual dividends paid, posted in 2025, against a low of $591.00M during 1995.
Within Technology, IBM (IBM) ranks 5th among 8 peers we track. The peer median for dividends paid is $6.80B.
IBM Dividends Paid 2025: $6.25B
IBM dividends paid in 2025 was $6.25B, edged up 1.8% from 2024. This figure represents the highest annual value in the available history.
IBM Dividends Paid 2024: $6.15B
IBM dividends paid in 2024 was $6.15B, edged up 1.8% from 2023.
IBM Dividends Paid 2023: $6.04B
IBM dividends paid in 2023 was $6.04B, edged up 1.5% from 2022.
IBM Dividends Paid 2022: $5.95B
IBM dividends paid in 2022 was $5.95B, edged up 1.3% from 2021.
IBM Dividends Paid 2021: $5.87B
IBM dividends paid in 2021 was $5.87B.
See more financial history for IBM (IBM).
Sector peers by dividends paid
Companies in the same sector as IBM, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| TSMC (TSM) | $471.61B | Technology |
| Microsoft (MSFT) | $24.08B | Technology |
| Apple (AAPL) | $15.42B | Technology |
| Broadcom (AVGO) | $11.14B | Technology |
| ASML (ASML) | $2.45B | Technology |
| NVIDIA (NVDA) | $974.00M | Technology |
| Micron Technology (MU) | $522.00M | Technology |
| AMD (AMD) | $0 | Technology |
Frequently asked questions
Does IBM pay dividends?
Yes, IBM (IBM) pays quarterly dividends of approximately $6.73 per share annually, yielding 2.99%.
What is IBM's dividend yield?
IBM (IBM) has a current dividend yield of 2.99%.
Is IBM's dividend safe?
IBM (IBM) passes 5 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has IBM increased its dividend?
IBM (IBM) has 31 consecutive years of dividend increases.
What is IBM's dividend payout ratio?
IBM (IBM) has a dividend payout ratio of 59.5%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is IBM's dividends paid?
Latest reported dividends paid for IBM (IBM) is $6.28B (period ending March 31, 2026).
How has IBM dividends paid changed year-over-year?
IBM (IBM) dividends paid changed +1.8% year-over-year on the latest annual filing.
What is the long-term growth rate of IBM dividends paid?
IBM (IBM) dividends paid compound annual growth rate is +1.5% over the most recent 5 years available.
When did IBM dividends paid hit its highest annual value?
IBM dividends paid reached its highest annual value of $6.25B in 2025.
What was IBM dividends paid in 2024?
IBM (IBM) dividends paid in 2024 was $6.15B.
What was IBM dividends paid in 2025?
IBM (IBM) dividends paid in 2025 was $6.25B.
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