The IBM Board of Directors today declared a regular quarterly cash dividend of $1.57 per common share, payable June 9, 2018 to stockholders of record as of May 10, 2018. Today's dividend declaration represents an increase of $0.07, or five percent higher than the prior quarterly dividend of $1.50 per common share.
This is the 23rd year in a row that IBM has increased its quarterly cash dividend. IBM has paid consecutive quarterly dividends since 1916.
Ginni Rometty, IBM chairman, president and chief executive officer said, "IBM has tripled our quarterly dividend per share during the last decade. Our strong financial position allows IBM to invest aggressively in our high-value strategic businesses, in addition to returning money to our shareholders."
IBM is a leading global hybrid cloud and AI, and business
services provider, helping clients in more than 175 countries capitalize on
insights from their data, streamline business processes, reduce costs and gain
the competitive edge in their industries. Nearly 3,000 government and
corporate entities in critical infrastructure areas such as financial services,
telecommunications and healthcare rely on IBM's hybrid cloud platform and Red
Hat OpenShift to affect their digital transformations quickly, efficiently, and
securely. IBM's breakthrough innovations in AI, quantum computing,
industry-specific cloud solutions and business services deliver open and
flexible options to our clients. All of this is backed by IBM's legendary
commitment to trust, transparency, responsibility, inclusivity, and service.