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IBM Board Approves 18 Percent Increase in Quarterly Cash Dividend

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Board also authorizes an additional $8 billion for stock repurchases to be added to $2 billion unspent from a prior authorization.


The IBM board of directors has declared a regular quarterly cash dividend of 65 cents per common share, payable June 10 to stockholders of record May 10.

The dividend declaration represents an increase of 10 cents, or 18 percent higher than the prior quarterly dividend of 55 cents per common share.

IBM has increased its quarterly dividend over 330 percent since 2003. This is the 15th year in a row that IBM has increased its quarterly cash dividend, and seventh year in a row of double-digit percent increases.

With the payment of the June 10 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.

The board today also authorized $8 billion in additional funds for use in the company’s stock repurchase program. IBM will repurchase shares on the open market or in private transactions from time to time, depending on market conditions.

This amount is in addition to approximately $2 billion remaining at the end of March from a prior authorization. With this new authorization, IBM will have approximately $10 billion for its stock repurchase program. IBM expects to request additional share repurchase authorization at the October board meeting.

Samuel J. Palmisano, IBM chairman, president and chief executive officer said, "Our superior cash flow enables us to invest in the business and generate substantial returns to investors. Since 2003, more than $80 billion was returned through dividends and share repurchase. Our commitment to delivering value to shareholders has never wavered."

IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service.

For more information, visit: www.ibm.com.

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