IBM Boosts Quarterly Dividend by 16% as Buybacks Slow
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International Business Machines Corp. raised its quarterly dividend by 16 percent to $1.10 per share as Chief Executive Officer Ginni Rometty tries to appease shareholders while the company shifts businesses.
IBM announced the increase from 95 cents a share in a press release today before the start of its annual meeting. The new dividend is more than the $1.05 a share projected, according to data compiled by Bloomberg. The 15-cent increase will cost Armonk, New York-based IBM about $625 million a year.