International Business Machines Corporation

IBM
TechnologyDividend Aristocrat
$235.68
2.86%Overvalued

International Business Machines Corporation (IBM) is a Technology company that currently yields 2.86% — historically overvalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $102.00 and the overvaluation threshold at $245.43. International Business Machines Corporation holds a quality score of 45/100 (Average), reflecting 25 consecutive years of dividend growth with a 60% payout ratio. The 5-year dividend CAGR stands at 1.5%.

IBM Dividend Yield History — Weiss Valuation

Underval. $102.00Overval. $245.43

Distance to undervalued

Entry price is stretched

Needs 56.7% downside to reach the Weiss buy zone

Undervaluation starts near $102.00, where the annual dividend would imply roughly 6.61% yield. That is 3.75% above today's yield.

Buy-zone price

$102.00

Target yield

6.61%

Research checklist

What to clear before buying the yield

Updated Aug 23, 2026

Dividend durability

25Y

Long dividend history supports a deeper look.

Earnings payout

60%

Earnings coverage leaves room for noise.

Cash payout

53%

Free cash flow coverage supports the payment.

Dividend growth

1.5%

Lower growth changes the return trade-off.

What changed

What changed since the last update

2026-08-222026-08-23

No major change in signal, yield, price, quality, or payout since the last update.

Why Now?

International Business Machines Corporation is trading near its historical overvaluation band.

Current yield 2.9% vs historical max 6.3% (45% of maximum).

14 consecutive years without a dividend cut.

Conservative payout ratio of 60%.

What matters now

Read the signal before the headline yield

Valuation is the brake here: the yield is compressed versus its own history.

The 45/100 quality score says the headline yield needs extra skepticism.

Start by checking whether payout coverage and business durability still support the dividend.

IBM Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$290

Year 10 Income

$436

Yield on Cost

4.51%

Total Income

$3,579

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

Track actual vs. projected

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More research

Full price history & technical analysis

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Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

Track dividends received & tax reports

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IBM Dividend Quality Score

Quality Score

45/ 100

Average

Payout Ratio12/25
Dividend Streak20/25
Growth (CAGR 5Y)3/20
Yield vs History0/15
FCF Coverage10/15

Key Metrics

Current Price$235.68
Annual Dividend$6.74
Current Yield2.86%
Yield — Max (10Y)6.33%
Yield — Min (10Y)2.68%
Undervalued Below$102.00
Overvalued Above$245.43
Payout Ratio59.77%
CAGR Dividend 5Y1.5%
CAGR Dividend 10Y3.4%
Years No Cut14y

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25
consecutive years of dividend growth