IBM (IBM) Higher Following Dividend Boost, Increased Buyback

April 24, 2012 9:41 AM EDT
IBM (NYSE: IBM) shares are higher early Tuesday following a release that it boosted its quarterly dividend 13 percent as well as added $7 billion to its current common stock buyback plan.

The dividend, now at 85 cents per share, yields about 1.7 percent annually.

Shares are up nearly 0.9 percent in early trading.

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