IBM (IBM) this morning boosted its quarterly dividend to 65 cents a share, from 55 cents, an increase of 18%. The dividend is payable June 10 to holders of record May 10. The stock now has a yield just shy of 2%.
This the 15th year in a row that IBM has boosted its payout; it has paid quarterly dividends since 1916.
The company said its board also authorized an $8 billion increase in its stock repurchase program, boosting the total authorization to $10 billion.
IBM is up 67 cents, or 0.5%, to $131.40.
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