IBM Authorizes $5B Stock Repurchase, $0.85 Dividend
The IBM (NYSE: IBM) board of directors today declared a regular
quarterly cash dividend of $0.85 per common share, payable December 10,
2012 to stockholders of record November 9, 2012.
With the payment of the December 10 dividend, IBM will have paid
consecutive quarterly dividends every year since 1916.
The board today also authorized $5 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 $6.7 billion remaining at
the end of September 2012 from a