IBM Board Approves 15% Increase in Quarterly Dividend; Authorizes $8.0B for Stock Repurchase

The IBM IBM board of directors today declared a regular quarterly cash dividend of $0.75 per common share, payable June 10, 2011 to stockholders of record May 10, 2011. Today's dividend declaration represents an increase of $0.10, or 15 percent higher than the prior quarterly dividend of $0.65 per common share. The board today also authorized $8 billion in additional funds for use in the company's stock repurchase program. IBM will repurchase shares on the open market or in private transactions from time to time, depending on market conditions.