Dow Component International Business Machines (IBM) To Go Ex-dividend Tomorrow

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The Dow Jones Industrial Average ( ^DJI) is trading down 35.0 points (-0.2%) at 18,035 as of Tuesday, May 5, 2015, 10:36 a.m. ET. During this time, 78.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 375.1 million. The NYSE advances/declines ratio sits at 886 issues advancing vs. 2,010 declining with 186 unchanged.
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Wednesday, May 6, 2015 is the ex-dividend date for Dow component International Business Machines (NYSE: IBM). Owners of shares as of market close today will be eligible for a dividend of $1.30 per share. At a price of $173.15 as of 10:36 a.m. ET, the dividend yield is 3% compared to the average Dow component yield of 2.7%.

The average volume for International Business Machines has been 4.4 million shares per day over the past 30 days. International Business Machines has a market cap of $171.02 billion and is part of the technology sector and computer software & services industry. Shares are up 8.3% year-to-date as of Monday's close.

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company has a P/E ratio of 11, below the average computer software & services industry P/E ratio of 14.6.
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