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IBM Board Approves Increase in Quarterly Cash Dividend for the 23rd Consecutive Year

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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 the global leader in hybrid cloud and AI, serving clients in more than 170 countries. More than 3,500 clients use our hybrid cloud platform to accelerate their digital transformation journeys and, in total, more than 30,000 of them have turned to IBM to unlock value from their data — this client list includes nine out of ten of the world's largest banks. With this foundation, we continue to leverage Red Hat OpenShift as the leading platform to address our clients' business needs: A hybrid cloud platform that is open, flexible and secure. Guided by principles of trust, transparency and support for a more inclusive society, IBM also is committed to being a responsible steward of technology and a force for good in the world. For more information, visit: www.ibm.com.

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