INTNL BUS MACH: IBM Board Approves Increase in Quarterly Cash Dividend for the 26th Consecutive Year
27 April 2021 - 10:57PM
UK Regulatory
TIDMIBM
The IBM (NYSE: IBM) board of directors today declared an
increase in the regular quarterly cash dividend to $1.64 per common
share, payable June 10, 2021 to stockholders of record as of May
10, 2021.
This is the 26th 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:
"Client adoption of our hybrid cloud and AI technologies, strong
cash generation and disciplined financial management all enable us
to invest in the business while continuing to return capital to our
shareholders. We remain committed to IBM's secure and growing
dividend."
IBM
Sarah Meron, 347--891--1770
sarah.meron@ibm.com
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CONTACT:
IBM
SOURCE: Intnl Bus. Mach
Copyright Business Wire 2021
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