IBM BOARD APPROVES INCREASE IN QUARTERLY CASH DIVIDEND FOR THE 29th CONSECUTIVE YEAR
The IBM board has approved an increase in the quarterly cash dividend for the 29th consecutive year, reflecting the company's focus on hybrid cloud and AI technologies. Arvind Krishna, IBM's CEO, emphasized sustained revenue growth and solid cash generation, enabling continued innovation and shareholder returns.
IBM's focus on hybrid cloud and AI technologies driving growth.
Sustained revenue growth and solid cash generation enable continued innovation and shareholder returns.
- None.
This is the 29th year in a row that IBM has increased its quarterly cash dividend. IBM has paid consecutive quarterly dividends since 1916.
Arvind Krishna, IBM chairman and chief executive officer, said: "IBM remains focused on two of the most transformational technologies of our time - hybrid cloud and AI – both of which continue to drive growth for our company and for our clients. Our business is strong, with sustained revenue growth, enhanced productivity and solid cash generation, all of which enable us to invest for continued innovation and to return capital to shareholders through our dividend."
Contact:
Tim Davidson
914-844-7847
tfdavids@us.ibm.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-board-approves-increase-in-quarterly-cash-dividend-for-the-29th-consecutive-year-302131808.html
SOURCE IBM
FAQ
What is the dividend increase approved by the IBM board?
How many consecutive years has IBM increased its quarterly cash dividend?
Who is the chairman and CEO of IBM?
What technologies is IBM focusing on?
When will the increased dividend be payable to stockholders?
