Charlotte, North Carolina, United States
Regulatory News:
The IBM (NYSE: IBM) board of directors declared a regular quarterly cash dividend of $0.50 per common share, payable June 10, 2008, to stockholders of record May 9, 2008.
Dividend declaration on April 29, 2008 represents an increase of $0.10, or 25 percent higher than the prior quarterly dividend of $0.40 per common share.
IBM has increased its quarterly dividend by 150 percent since 2006. This is the 13th year in a row that IBM has increased its quarterly cash dividend.
With the payment of the June 10 dividend, IBM will have paid 370 consecutive quarterly dividends, starting in 1916.
Source: Business Wire (Business Wire India)