IBM Board Approves Increase In Quarterly Cash Dividend From $1.66 To $1.67 Per Share
Portfolio Pulse from Benzinga Newsdesk
IBM's board of directors has approved an increase in the quarterly cash dividend from $1.66 to $1.67 per share, marking the 29th consecutive year of dividend increases. This dividend is payable on June 10, 2024, to shareholders of record as of May 10, 2024. IBM has a long history of paying quarterly dividends since 1916. CEO Arvind Krishna highlighted IBM's focus on hybrid cloud and AI technologies, which are driving growth and enabling continued innovation and shareholder returns.
April 30, 2024 | 2:41 pm
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IBM increases its quarterly dividend to $1.67 per share, continuing a 29-year trend of dividend growth. The company emphasizes its strength in hybrid cloud and AI technologies.
The increase in dividend reflects IBM's financial health and commitment to returning value to shareholders. The continuous dividend growth for 29 years signals confidence in the company's future prospects, particularly in hybrid cloud and AI sectors. This move is likely to positively impact investor sentiment and could lead to a short-term uptick in IBM's stock price as it reinforces the company's stability and growth potential.
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