Intnl Bus. Mach IBM Board Approves Increase in Quarterly Cash Dividend for the 22nd Consecutive Year
April 25 2017 - 9:41AM
UK Regulatory
TIDMIBM
The IBM (NYSE:IBM) board of directors today declared a regular
quarterly cash dividend of $1.50 per common share, payable June 10,
2017 to stockholders of record as of May 10, 2017. Today's dividend
declaration represents an increase of $0.10, or seven percent
higher than the prior quarterly dividend of $1.40 per common
share.
This is the 22nd year in a row that IBM has increased its
quarterly cash dividend -- IBM has more than doubled its quarterly
dividend per share since 2010. IBM has paid consecutive quarterly
dividends since 1916.
Ginni Rometty, IBM chairman, president and chief executive
officer said, "Years of investments have made IBM the world's
leader in enterprise cloud and cognitive computing. Our strong
profit and cash flow performance allows us to make the investments
required to drive our transformation and to return capital to
shareholders."
IBM
Edward Barbini, 914-499-6565
barbini@us.ibm.com
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