Company Website:
http://www.ibm.com
ARMONK, N.Y. -- (Business Wire)
The IBM (NYSE:IBM) board of directors today declared a regular quarterly
cash dividend of $1.10 per common share, payable December 10, 2014 to
stockholders of record November 10, 2014.
With the payment of the December 10 dividend, IBM will have paid
consecutive quarterly dividends every year since 1916.
The board today also authorized $5 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 $1.4 billion remaining at
the end of September 2014 from a prior authorization. With this new
authorization, IBM will have approximately $6.4 billion for its stock
repurchase program. IBM expects to request additional share repurchase
authorization at the April 2015 board meeting.
Ginni Rometty, IBM chairman, president and chief executive officer said,
"We will continue to make the investments and changes necessary to
manage our business for the long term and to shift to higher-value
offerings. At the same time we remain fully committed to returning
significant value to shareholders."
Contacts:
IBM
Doug Shelton, 914-499-6533
doshelton@us.ibm.com
Source: IBM
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