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IBM Board Approves 16 Percent Increase in Quarterly Cash Dividend

Discussion in 'News' started by btarunr, Apr 29, 2014.

  1. btarunr

    btarunr Editor & Senior Moderator Staff Member

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    The IBM (NYSE:IBM) board of directors today declared a regular quarterly cash dividend of $1.10 per common share, payable June 10, 2014 to stockholders of record May 9, 2014. Today's dividend declaration represents an increase of $0.15, or 16 percent higher than the prior quarterly dividend of $0.95 per common share. This is the 19th year in a row that IBM has increased its quarterly cash dividend, and the eleventh year in a row of double-digit percent increases. IBM has increased its dividend by over 800 percent since the beginning of 2000 and doubled the dividend in the past five years. With the payment of the June 10 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.

    Ginni Rometty, IBM chairman, president and chief executive officer said, "Today's announcement reinforces our commitment to delivering value to shareholders. We will continue to invest aggressively in our strategic growth areas including cloud, big data analytics, social, mobile and security to position the company to drive growth and higher value for our clients."
     

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