IBM Boosts Share Buyback and Dividend
IBM said today that its board of directors has approved an additional $5 billion in share buybacks and a 12 percent hike in its quarterly dividend. The new dividend will be 95 cents a share. It’s the 18th year in a row that IBM has increased its quarterly dividend, and it has been paying one consistently since 1916. The move follows a quarterly earnings report that fell short of expectations.