The IBM IBM board of directors today declared a regular quarterly cash
dividend of $0.95 per common share, payable December 10, 2013 to stockholders
of record November 8, 2013.
With the payment of the December 10 dividend, IBM will have paid consecutive
quarterly dividends every year since 1916.
The board today also authorized $15 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 $5.6 billion remaining at the end
of September 2013 from a prior authorization. With this new authorization, IBM
will have approximately $20.6 billion for its stock repurchase program. IBM
expects to request additional share repurchase authorization at the October
2014 board meeting.
Ginni Rometty, IBM chairman, president and chief executive officer said, "We
are committed to a higher value strategy fueled by innovation and shifting to
new growth opportunities. As a result we consistently deliver value to our
shareholders through dividends and share repurchases, totaling more than $159
billion since 2000."
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