Tuesday, April 26, 2011

$IBM Board Approves 15 Percent Increase in Quarterly Cash Dividend; Authorizes $8.0 Billion for Stock Repurchase

ST. LOUIS, Mo. - 26 Apr 2011: The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $0.75 per common share, payable June 10, 2011 to stockholders of record May 10, 2011.


Today’s dividend declaration represents an increase of $0.10, or 15 percent higher than the prior quarterly dividend of $0.65 per common share.


The board today also authorized $8 billion in additional funds for use in the company’s stock repurchase program. IBM will repurchase shares on the open market or in private transactions from time to time, depending on market conditions.


Source
IBM.com - press release

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