STOCK TITAN

IBM BOARD APPROVES INCREASE IN QUARTERLY CASH DIVIDEND FOR THE 29th CONSECUTIVE YEAR

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends

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.

Il consiglio di amministrazione di IBM ha approvato un aumento del dividendo trimestrale in contanti per il 29° anno consecutivo, riflettendo il focus dell'azienda sulle tecnologie cloud ibrido e intelligenza artificiale. Arvind Krishna, CEO di IBM, ha sottolineato una crescita sostenuta dei ricavi e una solida generazione di cassa, che permettono un'innovazione continua e rendimenti per gli azionisti.
La junta directiva de IBM ha aprobado un aumento en el dividendo en efectivo trimestral por 29º año consecutivo, reflejando el enfoque de la compañía en tecnologías de nube híbrida e inteligencia artificial. Arvind Krishna, el CEO de IBM, destacó un crecimiento sostenido de los ingresos y una sólida generación de efectivo, que permiten la continua innovación y el retorno a los accionistas.
IBM 이사회는 하이브리드 클라우드 및 인공 지능 기술에 대한 회사의 초점을 반영하여 29번째 연속 분기별 현금 배당금 인상을 승인하였습니다. IBM의 CEO인 아빈드 크리슈나는 지속적인 매출 성장과 견고한 현금 창출을 강조하며, 이를 통해 지속적인 혁신과 주주 수익이 가능하다고 말했습니다.
Le conseil d'administration d'IBM a approuvé une augmentation du dividende en espèces trimestriel pour la 29ème année consécutive, reflétant l'accent mis par l'entreprise sur les technologies de cloud hybride et d'intelligence artificielle. Arvind Krishna, le PDG d'IBM, a souligné une croissance soutenue des revenus et une génération solide de trésorerie, permettant une innovation continue et des retours aux actionnaires.
Der Vorstand von IBM hat eine Erhöhung der vierteljährlichen Barausschüttung für das 29. Jahr in Folge genehmigt, was den Fokus des Unternehmens auf Hybrid Cloud- und KI-Technologien widerspiegelt. Arvind Krishna, der CEO von IBM, betonte das anhaltende Umsatzwachstum und die solide Cash-Generierung, die kontinuierliche Innovationen und Aktionärsrenditen ermöglichen.
Positive
  • IBM's focus on hybrid cloud and AI technologies driving growth.

  • Sustained revenue growth and solid cash generation enable continued innovation and shareholder returns.

Negative
  • None.

ARMONK, N.Y., April 30, 2024 /PRNewswire/ -- The IBM (NYSE: IBM) board of directors today declared an increase in the regular quarterly cash dividend to $1.67 per common share, payable June 10, 2024 to stockholders of record as of May 10, 2024.

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

Cision 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?

The IBM board approved an increase in the quarterly cash dividend to $1.67 per common share, payable on June 10, 2024.

How many consecutive years has IBM increased its quarterly cash dividend?

IBM has increased its quarterly cash dividend for 29 consecutive years.

Who is the chairman and CEO of IBM?

Arvind Krishna is the chairman and CEO of IBM.

What technologies is IBM focusing on?

IBM is focused on hybrid cloud and AI technologies.

When will the increased dividend be payable to stockholders?

The increased dividend will be payable on June 10, 2024, to stockholders of record as of May 10, 2024.

International Business Machines Corporation

NYSE:IBM

IBM Rankings

IBM Latest News

IBM Stock Data

158.42B
916.63M
0.12%
61.48%
2.2%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
United States of America
ARMONK