Wednesday, April 30, 2008

IBM Board Approves 25 Percent Increase in Quarterly Cash Dividend

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.

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