REG-Intnl Bus. Mach IBM Board Approves Quarterly Cash Dividend; Authorizes $3 Billion for Stock Repurchase <Origin Href="QuoteRef">IBM.N</Origin>

International Business MachinesAnnouncement

25/10/2016 16:45

      IBM Board Approves Quarterly Cash Dividend; Authorizes $3 Billion for       Stock Repurchase    
    
      The IBM (NYSE:IBM) board of directors today declared a regular quarterly       cash dividend of $1.40 per common share, payable December 10, 2016 to       stockholders of record November 10, 2016.    
      With the payment of the December 10 dividend, IBM will have paid       consecutive quarterly dividends every year since 1916.    
      The board today also authorized $3 billion in additional funds for use       in the companys 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 $3 billion remaining at the       end of September 2016 from a prior authorization. With this new       authorization, IBM will have approximately $6 billion for its stock       repurchase program.    
      Ginni Rometty, IBM chairman, president and chief executive officer said,       "IBM continues to invest in our business for long-term growth, and the       company has already invested more than $12 billion in the first three       quarters of 2016 to build higher-value offerings. At the same time we       remain committed to returning capital to shareholders through both       dividends and share repurchase."    
      
        
          IBM        
      
      
        
          Edward Barbini, 914-499-6565        
      
      
        
          
            barbini@us.ibm.com          
        
      
    
    
View source version on businesswire.com: http://www.businesswire.com/news/home/20161025006275/en/
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