Tags: IBM | Raises | Dividend | Stock | Buyback

IBM Raises Dividend 15%, Stock Buyback by $8 Billion

Tuesday, 26 Apr 2011 10:54 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
International Business Machines Corp. (IBM), the world’s biggest computer-services provider, increased its quarterly dividend 10 cents for the second straight year and boosted its buyback plan, sending the stock to a record.

The quarterly payout will rise 15 percent to 75 cents a share, IBM said today in a statement. IBM added $8 billion to its stock-repurchase plan, bringing the total authorized by the board to $12.7 billion.

IBM last week said full-year earnings will be at least $13.15 a share, topping estimates, as it works toward a goal of at least $20 a share in operating earnings by 2015. The company plans to spend about $20 billion on dividends and $50 billion on buybacks through 2015, it said at an investor meeting last month.

IBM, based in Armonk, New York, rose 52 cents to $168.19 at 10:37 a.m. in New York Stock Exchange composite trading. Earlier it rose to $169.20, the highest intraday price in the 100-year-old company’s history. The shares had climbed 14 percent this year before today.

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved