IBM (IBM) Increases Qtr. Dividend 15% to $0.75; OKs $8B Buyback Program
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The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $0.75 per common share, $3.00 annualized. The dividend is a 15 percent increase from the current rate of $0.65.
The dividend is payable June 10, 2011 to stockholders of record May 10, 2011, with an ex-dividend date of May 6, 2011.
Yield on the dividend is 1.8 percent.
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. This amount is in addition to approximately $4.7 billion remaining at the end of March from a prior authorization.
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The dividend is payable June 10, 2011 to stockholders of record May 10, 2011, with an ex-dividend date of May 6, 2011.
Yield on the dividend is 1.8 percent.
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. This amount is in addition to approximately $4.7 billion remaining at the end of March from a prior authorization.
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