IBM Board Approves Increase in Quarterly Cash Dividend for the 26th Consecutive Year
The IBM board of directors has approved a quarterly cash dividend increase to $1.64 per common share, payable on June 10, 2021, to stockholders recorded by May 10, 2021. This marks the 26th consecutive year of dividend increases, and IBM has consistently paid dividends since 1916. CEO Arvind Krishna highlighted the company's strong cash generation and commitment to returning capital to shareholders, emphasizing ongoing investments in hybrid cloud and AI technologies.
- Dividend increased to $1.64 per share.
- 26th consecutive year of dividend increases.
- Strong cash generation supports continuous investments.
- Commitment to shareholder returns remains strong.
- None.
The IBM (NYSE: IBM) board of directors today declared an increase in the regular quarterly cash dividend to
This is the 26th year in a row that IBM has increased its quarterly cash dividend. IBM has paid consecutive quarterly dividends since 1916.
Arvind Krishna, IBM chairman and chief executive officer, said: "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."
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