IBM raises dividend 12 pct, authorizes $5B buyback

April 30, 2013 by The Associated Press

IBM says its board has raised its regular quarterly dividend by 12 percent to 95 cents and approved a plan to repurchase up to $5 billion of its stock.

IBM Corp. said Tuesday that the dividend is payable on June 10 to shareholders of record as of May 10. The Armonk, N.Y.-based technology company says this is the 18th year in a row that it has raised its .

IBM says the authorization is in addition to $6.2 billion that's still left from a previous one.

Explore further: IBM boosts dividend 18 pct, extends share buyback

Related Stories

Microsoft raises dividend 25 pct to support stock

September 21, 2011

(AP) -- Microsoft Corp. is trying to lift its stock price by boosting its dividend 25 percent, the largest increase since the world's largest software maker started the quarterly payments seven years ago.

Qualcomm ups dividend, approves up to $4B buyback

March 6, 2012

(AP) -- Mobile phone chip-maker Qualcomm Inc. said Tuesday that its board approved the increase of its quarterly dividend by 16 percent to 25 cents and up to $4 billion in stock buybacks.

Recommended for you

How to curb emissions? Put a price on carbon

September 3, 2015

Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

For these 'cyborgs', keys are so yesterday

September 4, 2015

Punching in security codes to deactivate the alarm at his store became a thing of the past for Jowan Oesterlund when he implanted a chip into his hand about 18 months ago.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.