IBM Market Capitalisation

Yesterday (Tue 10th December), IBM paid out this dividend of $1.62 a share.

Reading the annual report:

https://www.ibm.com/annualreport/assets/downloads/IBM_Annual_Report_2018.pdf

We discover that The authorized capital stock of IBM consists of 4,687,500,000 shares of common stock with a $.20 per share par value, of which 892,479,411 shares were outstanding at December 31, 2018 and 150,000,000 shares of preferred stock with a $.01 per share par value, none of which were outstanding at December 31, 2018

Thus:

892,479,411 x current share price of $132 = $117,807,282,252

That is $117bn.

Now the dividend of $1.62 a share will cost IBM:-

$1.62 a share x 892,479,411 = $1,445,816,645.82

That is $1.445 Billon.

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