Company Website:
http://www.ibm.com
SAVANNAH, Ga. -- (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 21styear 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."
View source version on businesswire.com: http://www.businesswire.com/news/home/20160426006144/en/
Contacts:
IBM
Doug Shelton, 914-255-8115
doshelton@us.ibm.com
Source: IBM
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