IBM (IBM) Raises Quarterly Dividend 13.3% to $0.85; 1.7% Yield; Adds $7B to Buyback

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International Business Machines (NYSE: IBM) declared a quarterly dividend of $0.85 per share, or $3.4 annualized. This is a 13.3% increase from the prior dividend of $0.75.

The dividend will be payable on June 9, 2012, to stockholders of record on May 10, 2012, with an ex-dividend date of May 8, 2012.

The annual yield on the dividend is 1.7 percent.

The board today also authorized $7 billion in additional funds for use in the company’s stock repurchase program. Total available on the program now at $12.7 billion.

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

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