28 Apr 2015 15:27
The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $1.30 per common share, payable June 10, 2015 to stockholders of record May 8, 2015. Today’s dividend declaration represents an increase of $0.20, or 18 percent higher than the prior quarterly dividend of $1.10 per common share.
This is the 20th year in a row that IBM has increased its quarterly cash dividend, and the 12th year in a row of a double-digit percentage increase. IBM has doubled its quarterly dividend over the last five years. With the payment of the June 10 dividend, IBM will have paid consecutive quarterly dividends since 1916.
Ginni Rometty, IBM chairman, president and chief executive officer said, "Our success in driving growth in our strategic initiatives and our continuous shift to higher value enables us to continue investing in our business, while also returning value to shareholders."
IBMDoug Shelton, 914-255-8115doshelton@us.ibm.com
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Ibm (IBM)