Company: International Business Machines Corp. (IBM)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: IBM looks to be a part of every aspect of an enterpriseÕs IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients-which includes 95% of all Fortune 500. While IBM is a B2B company, IBMÕs outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world. -Morningstar.com-
Symbol: IBM
Recent Price: $187.44
Dividends: $6.68
Yield: 3.56%
Sector: Technology
Industry: Information Technology Services
Address & Company Phone #: One New Orchard Rd. Armonk NY 10504, 914-499-1900
Transfer Agent: Computershare 888-IBM-6700
Moody’s Rating: A1
Minimum & Maximum Investment: $50 – $250,000/year
Investment Dates: Every 7 days beginning varies
Shares to Qualify: 1 Share or $500
Fees: Div.: 2% of amount invested up to $3 Max Cash: $5 Cert: $0 Sells: by Mail, Phone or Internet for $15+10¢/sh.
52 Week High & Low: $199.18, $131.55