NEW YORK ( TheStreet) -- The ex-dividend date for International Business Machines (NYSE: IBM) is tomorrow, May 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 85 cents per share. At a price of $203.87 as of 9:30 a.m. ET, the dividend yield is 1.6%. The average volume for International Business Machines has been four million shares per day over the past 30 days. International Business Machines has a market cap of $239.05 billion and is part of the technology sector and computer hardware industry. Shares are up 11.5% year to date as of the close of trading on Friday. International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 15.5, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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