ARMONK,
N.Y., April 30, 2024 /PRNewswire/ -- The IBM
(NYSE: IBM) board of directors today declared an increase in the
regular quarterly cash dividend to $1.67 per common share, payable June 10, 2024 to stockholders of record as of
May 10, 2024.
This is the 29th year in a row that IBM has increased its
quarterly cash dividend. IBM has paid consecutive quarterly
dividends since 1916.
Arvind Krishna, IBM chairman and
chief executive officer, said: "IBM remains focused on two of the
most transformational technologies of our time - hybrid cloud and
AI – both of which continue to drive growth for our company and for
our clients. Our business is strong, with sustained revenue growth,
enhanced productivity and solid cash generation, all of which
enable us to invest for continued innovation and to return capital
to shareholders through our dividend."
Contact:
Tim Davidson
914-844-7847
tfdavids@us.ibm.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ibm-board-approves-increase-in-quarterly-cash-dividend-for-the-29th-consecutive-year-302131808.html
SOURCE IBM