IBM BOARD APPROVES INCREASE IN QUARTERLY CASH DIVIDEND FOR THE 29th CONSECUTIVE YEAR
Rhea-AI Summary
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.
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.
News Market Reaction 1 Alert
On the day this news was published, IBM declined 0.73%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
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SOURCE IBM
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