IBM Board Approves Regular Quarterly Cash Dividend

Rhea-AI Summary

The IBM board has declared a quarterly cash dividend of $1.64 per common share, payable on December 10, 2021, to stockholders of record as of November 10, 2021. This represents the first dividend after the anticipated separation of Kyndryl on November 3, 2021. IBM has maintained a consistent dividend payment record since 1916, reinforcing its commitment to returning value to shareholders.

Positive

• Quarterly cash dividend of $1.64 per share announced.
• IBM has a long-standing history of consecutive dividend payments since 1916.
• Confidence in financial stability post-Kyndryl separation.

Negative

• None.

ARMONK, N.Y.--(BUSINESS WIRE)-- The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $1.64 per common share, payable December 10, 2021 to stockholders of record November 10, 2021.

This $1.64 per share payment is the first dividend that will be paid by IBM after the expected November 3, 2021 separation of Kyndryl. With this dividend, IBM will have paid consecutive dividend payments since 1916.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211026005885/en/

IBM

Tim Davidson, 914-844-7847

tfdavids@us.ibm.com

Source: IBM

FAQ

What is the dividend amount declared by IBM?

IBM declared a quarterly cash dividend of $1.64 per common share.

When will IBM's dividend be paid?

The dividend will be paid on December 10, 2021.

When is the record date for IBM's dividend?

The record date for the dividend is November 10, 2021.

How long has IBM been paying dividends?

IBM has been making consecutive dividend payments since 1916.

What is the significance of the Kyndryl separation for IBM?

The dividend is the first to be paid after the expected separation from Kyndryl on November 3, 2021.