As per reports, the board of International Business Machines Corporation (IBM) will increase the regular quarterly cash dividend to $1.64 per common share, payable to all shareholders as of May 10, 2021. The dividend is to be paid on June 10, 2021.
Arvind Krishna, IBM chairman, and the chief executive officer stated, “Client adoption of our hybrid cloud and AI technologies, strong cash generation and disciplined financial management all enable us to invest in the business while continuing to return capital to our shareholders. We remain committed to IBM’s secure and growing dividend.”
The increase marks the 26th year in a row that IBM has increased its quarterly cash dividend.
Dow 30 component International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. To learn more about International Business Machines Corp (IBM) and to track its ongoing progress please visit the Vista Partners IBM Coverage Page.
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