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IBM Board Approves 13 Percent Increase in Quarterly Cash Dividend

btarunr

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The IBM board of directors today declared a regular quarterly cash dividend of $0.85 per common share, payable June 9, 2012 to stockholders of record May 10, 2012. Today’s dividend declaration represents an increase of $0.10, or 13 percent higher than the prior quarterly dividend of $0.75 per common share.

This is the 17th year in a row that IBM has increased its quarterly cash dividend, and the ninth year in a row of double-digit percent increases. IBM has increased its dividend by over 600 percent since the beginning of 2000. With the payment of the June 9th dividend, IBM will have paid consecutive quarterly dividends every year since 1916.

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