IBM boosting quarterly dividend by 16 percent

Apr 29, 2014 by The Associated Press

IBM is raising its quarterly dividend by 16 percent to $1.10 per share from 95 cents per share.

The dividend will be paid on June 10 to shareholders of record on May 9.

The Armonk, N.Y., technology services company has doubled its dividend over the last five years.

IBM said Tuesday that this is the 19th consecutive year that the company has boosted its . It's the 11th straight year of a double-digit percentage increase in the dividend.

Shares of International Business Machines Corp. gained $1.71 to $194.85 in morning trading.

Explore further: Mexico City proposes regulations for Uber

Related Stories

Bayer ups dividend for 2013

Feb 26, 2014

German chemicals and pharmaceuticals giant Bayer said Wednesday it will increase its dividend payout to shareholders for 2013.

Qualcomm ups dividend, approves up to $4B buyback

Mar 06, 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

Mexico City proposes regulations for Uber

21 hours ago

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Shyp reclassifies contract couriers as employees

Jul 03, 2015

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

User comments : 0

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.