Dividend Aristocrat IBM (IBM) reported on Monday (after-market) strong Q2-2021 figures with EPS of $2.33 beats by $0.04 and revenue of $18.7B (+3.2% Y/Y) beating estimates by $400M. The results are driven by AI and Cloud; “Client adoption of our hybrid cloud platform contributed to strong performance in Global Business Services and software and drove improved overall revenue growth.
IBM is trading up 1.5% around lunch-time on Tuesday with a share price around $140. Year-to-date IBM is up almost 10%. The current annual dividend is $6.56 per share and the dividend yield is 4.76%.
Full-Year 2021 Expectations: The company expects to grow revenue for the full year 2021 based on mid-July 2021 foreign exchange rates. The company continues to expect adjusted free cash flow of $11 billion to $12 billion in 2021.
Source: Press-release IBM