IBM Board Approves Increase in Quarterly Cash Dividend for the 22nd Consecutive Year

25 Apr 2017 14:41

The IBM (NYSE:IBM) board of directors today declared a regular quarterly cash dividend of $1.50 per common share, payable June 10, 2017 to stockholders of record as of May 10, 2017. Today’s dividend declaration represents an increase of $0.10, or seven percent higher than the prior quarterly dividend of $1.40 per common share.

This is the 22nd year in a row that IBM has increased its quarterly cash dividend -- IBM has more than doubled its quarterly dividend per share since 2010. IBM has paid consecutive quarterly dividends since 1916.

Ginni Rometty, IBM chairman, president and chief executive officer said, "Years of investments have made IBM the world's leader in enterprise cloud and cognitive computing. Our strong profit and cash flow performance allows us to make the investments required to drive our transformation and to return capital to shareholders."

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