IBM board approves 25% increase in quarterly cash dividend

Written by Businesswire India | Charlotte, April 30: | Updated: Apr 30 2008, 16:53pm hrs
The IBM board of directors declared a regular quarterly cash dividend of $0.50 per common share, payable June 10, 2008, to stockholders of record May 9, 2008.

Dividend declaration on April 29, 2008 represents an increase of $0.10, or 25 percent higher than the prior quarterly dividend of $0.40 per common share.

IBM has increased its quarterly dividend by 150 percent since 2006. This is the 13th year in a row that IBM has increased its quarterly cash dividend.

With the payment of the June 10 dividend, IBM will have paid 370 consecutive quarterly dividends, starting in 1916.