IBM BOARD APPROVES INCREASE IN QUARTERLY CASH DIVIDEND FOR THE 27th CONSECUTIVE YEAR

Rhea-AI Summary

The IBM board has declared a quarterly cash dividend increase to $1.65 per common share, payable on June 10, 2022. This marks the 27th consecutive year of dividend increases, with IBM maintaining a dividend payment record since 1916. CEO Arvind Krishna emphasized solid cash generation and the company's commitment to investing in hybrid cloud and AI technologies while providing value to shareholders.

Positive

• The quarterly cash dividend has increased to $1.65, indicating strong financial health.
• This is the 27th consecutive year of dividend increases, showcasing a commitment to returning value to shareholders.

Negative

• None.

ARMONK, N.Y., April 26, 2022 /PRNewswire/ -- The IBM (NYSE: IBM) board of directors today declared an increase in the regular quarterly cash dividend to $1.65 per common share, payable June 10, 2022 to stockholders of record as of May 10, 2022.

This is the 27th 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: "Clients and partners are actively seeking out, and taking advantage of, IBM's hybrid cloud and AI technologies. Our cash generation is solid, and we continue to invest in the business and return value to shareholders through our longstanding dividend policy."

Contact:
Tim Davidson
914-844-7847
tfdavids@us.ibm.com

 

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SOURCE IBM