International Business Machines said on Tuesday it would pay a quarterly cash dividend of 75 cents a share, an increase of 10 cents a share and the sixteenth straight year it has boosted the shareholder payout.
IBM has paid a dividend every quarter since 1916.
The world's largest technology services company also said the additional funds in its stock buyback program would increase the total to $12.7 billion. It said it plans to request additional share purchase authorization at its board meeting in October.
( Source: CNBC )
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