IBM (IBM) Raises Quarterly Dividend 18.2% to $1.30; 3% Yield

IBM (NYSE: IBM) declared a quarterly dividend of $1.30 per share, or $5.2 annualized. This is an 18.2% increase from the prior dividend of $1.10.

The dividend will be payable on June 10, 2015, to stockholders of record on May 8, 2015, with an ex-dividend date of May 6, 2015.

The annual yield on the dividend is 3 percent.

Ginni Rometty, IBM chairman, president and chief executive officer said, "Our success in driving growth in our strategic initiatives and our continuous shift to higher value enables us to continue investing in our business, while also returning value to shareholders."

For a dividend history and other dividend-related data on IBM (IBM) click here.

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