IBM Boosts Quarterly Dividend 15%, Buybacks by $8 Billion
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International Business Machines Corp., the biggest computer-services provider, increased its quarterly dividend 15 percent and set aside more money for share buybacks, sending the stock to a record.
The quarterly payout will rise by 10 cents for the second straight year, to 75 cents a share, IBM said today in a statement. IBM added $8 billion to the stock-repurchase plan, bringing the total authorized by the board to $12.7 billion.