IBM (IBM) Declares $0.75 Quarterly Dividend; 1.7% Yield; Boosts Buyback to $12.2B

International Business Machines Corp. (NYSE: IBM) declared a quarterly dividend of $0.75 per share, or $3 annualized.

The dividend will be payable on December 10, 2011, to stockholders of record on November 10, 2011, with an ex-dividend date of November 8, 2011.

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. IBM said it 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 $5.2 billion remaining at the end of September 2011 from a prior authorization. With this new authorization, IBM will have approximately $12.2 billion for its stock repurchase program. IBM expects to request additional share repurchase authorization at the April 2012 board meeting.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
• IBM (IBM) to Acquire HashiCorp (HCP) for $35/sh Cash or $6.4B
• Waterstone Financial (WSBF) Expands Share Buyback by 2M