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IBM Board Approves Quarterly Cash Dividend; Authorizes $4 Billion for Stock Repurchase

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The IBM board of directors today declared a regular quarterly cash dividend of $1.57 per common share, payable December 10, 2018 to stockholders of record November 9, 2018.

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

The board today also authorized $4 billion in additional funds for use in the company’s stock repurchase program.  IBM said it 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 $1.4 billion remaining at the end of September 2018 from a prior authorization.  With this new authorization, IBM will have approximately $5.4 billion for its stock repurchase program.

Ginni Rometty, IBM chairman, president and chief executive officer, said:  "Our strong cash generation allows IBM to both invest in world-class innovations and to return money to shareholders."

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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