IBM board OK repurchase of another $15B of stock

October 29, 2013

IBM's board has approved the repurchase of $15 billion of its common stock.

The company still had about $5.6 billion remaining under a previous authorization as of September's end.

This means IBM can now buy back up to approximately $20.6 billion of its shares in total.

IBM said Tuesday that it expects to request approval for more stock buybacks at its October 2014 board meeting.

The company's board also declared a regular quarterly dividend of 95 cents. The dividend will be paid on Dec. 10 to shareholders of record on Nov. 8.

Shares of International Business Machines Corp. added. $3.95, or 2.2 percent, to $181.30 in afternoon trading.

Explore further: IBM raises dividend 12 pct, authorizes $5B buyback

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gopher65
not rated yet Oct 29, 2013
So what happens in 20 years when they've repurchased all of their outstanding shares? Who would own the company then?
cantdrive85
1 / 5 (5) Oct 29, 2013
So what happens in 20 years when they've repurchased all of their outstanding shares? Who would own the company then?

At some point there would be no sellers due to the value of the shares, IBM can't force you to sell. BTW, this is one "World Dominator" you want in your portfolio, these buybacks are gravy on top of the dividends.

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