IBM’s Dividend Survived the Old IBM. Can It Survive the New One?

IBM’s Dividend Survived the Old IBM. Can It Survive the New One?

By Chris Lange
Publication Date: 2026-09-27 18:20:00

IBM has raised its dividend every year since 2016 without missing a beat, but the company writing those checks today barely resembles the one that started the streak. The question is whether the math still works when acquisitions, quantum bets,…

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IBM (NYSE:IBM | IBM Price Prediction) has paid a quarterly dividend every year since 1916 and announced its 31st consecutive year of dividend increases in early 2026. The stock tells a less comfortable story. Shares closed at $225.47, down 22.31% year to date. The company funding that streak now looks very little like the one that built it.

Penny Raises Replaced Real Raises

Old IBM raised with conviction. The quarterly payout rose from $0.95 in 2013 to $1.10 in 2014 and $1.30 in 2015. Since 2021, raises have come one cent at a time, from $1.63 to today’s $1.69. The annualized forward dividend…