IBM Board Approves Regular Quarterly Cash Dividend

Rhea-AI Summary

IBM's board of directors has announced a quarterly cash dividend of $1.63 per common share, scheduled for payment on December 10, 2020, to stockholders recorded as of November 10, 2020. This marks the company's commitment to returning value to shareholders, having raised its dividend for the past 25 years. With this upcoming payment, IBM will have consistently paid dividends since 1916.

Positive

• Quarterly cash dividend of $1.63 per share announced.
• Dividend has been raised for 25 consecutive years.
• Consecutive quarterly dividends paid since 1916.

Negative

• None.

ARMONK, N.Y.--(BUSINESS WIRE)--The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $1.63 per common share, payable December 10, 2020 to stockholders of record November 10, 2020.

IBM has raised its dividend for the last 25 years and with the payment of the December 10 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.