IBM Board Approves Increase in Quarterly Cash Dividend for the 21st Consecutive Year
April 26 2016 - 9:34AM
Business Wire
The IBM (NYSE:IBM) board of directors today declared a regular
quarterly cash dividend of $1.40 per common share, payable June 10,
2016 to stockholders of record as of May 10, 2016. Today’s dividend
declaration represents an increase of $0.10, or eight percent
higher than the prior quarterly dividend of $1.30 per common
share.
This is the 21st year in a row that IBM has increased its
quarterly cash dividend. With this increase, IBM has more than
doubled its quarterly dividend per share since 2010. IBM has now
paid consecutive quarterly dividends since 1916.
Ginni Rometty, IBM chairman, president and chief executive
officer said, "IBM is transforming its business into a cognitive
solutions and cloud platform company. Our strong profit and cash
flow performance allow us to make the investments required to drive
this transformation, while continuing to return significant capital
to shareholders."
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version on businesswire.com: http://www.businesswire.com/news/home/20160426006144/en/
IBMDoug Shelton, 914-255-8115doshelton@us.ibm.com
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