Intnl Bus. Mach IBM Board Approves Increase in Quarterly Cash Dividend for the 23rd Consecutive Year
April 24 2018 - 9:47AM
UK Regulatory
TIDMIBM
The IBM (NYSE:IBM) Board of Directors today declared a regular
quarterly cash dividend of $1.57 per common share, payable June 9,
2018 to stockholders of record as of May 10, 2018. Today's dividend
declaration represents an increase of $0.07, or five percent higher
than the prior quarterly dividend of $1.50 per common share.
This is the 23rd year in a row that IBM has increased its
quarterly cash dividend. IBM has paid consecutive quarterly
dividends since 1916.
Ginni Rometty, IBM chairman, president and chief executive
officer said, "IBM has tripled our quarterly dividend per share
during the last decade. Our strong financial position allows IBM to
invest aggressively in our high-value strategic businesses, in
addition to returning money to our shareholders."
IBMEdward Barbini, 914-499-6565barbini@us.ibm.com
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