IBM (IBM) Board Approves $8 Billion Stock Buyback
International Business Machines said that its board of directors approved an additional $8 billion buyback of IBM stock. Combined with an earlier repurchase, it increases IBM's repurchase program to a total of $10 billion.
International Business Machines (NYSE: IBM) also announced on Tuesday that it would raise its quarterly dividend from 55 cents per share to 65 cents per share.
The 65 cent dividend will be paid by International Business Machines on June 10 to shareholders of record on May 10.
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