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Due to Waning Vaccination and Safety Measures, Many Surveyed Consumers' Return to Public Life Has Been Indefinitely Delayed

According to the findings of a new global consumer study released by IBM's Institute for Business Value (IBV), respondents are feeling slightly more festive for the 2021 holiday season than they were in 2020, and are reporting higher household budget allocation for travel and local activities. However, the survey suggests COVID-19 pandemic-related concerns are hindering the return of the traditional shopping season.

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A consortium of institutions led by Euroclear have successfully experimented central bank digital currency (CBDC) for settling French treasury bonds on a test blockchain. The experiment, commissioned by the Banque de France included Agence France Trésor, BNP Paribas CIB, Crédit Agricole CIB, HSBC, Societe Generale. IBM provided Euroclear with design expertise and all platform features, including advanced privacy-preserving tokens and hybrid cloud capabilities.

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Record date for distribution of Kyndryl shares will be October 25, 2021

Distribution date for Kyndryl shares anticipated to be November 3, 2021

IBM announced today that its board of directors has approved the previously announced separation of Kyndryl, the company’s managed infrastructure services business.

To effect the separation the IBM board of directors declared a pro rata distribution to IBM stockholders of 80.1 percent of the outstanding shares of Kyndryl.  Once distributed, each holder of IBM common stock will receive one share of Kyndryl common stock for every five shares of IBM common stock held on October 25, 2021, the record date for the distribution.   The distribution is expected to occur after close of market on November 3, 2021.  It is intended that, for United States federal income tax purposes, the distribution will be conducted in a tax-efficient manner for IBM stockholders in the United States.  The distribution is subject to certain conditions described in the registration statement on Form 10 filed by Kyndryl.

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The IBM board of directors today declared an increase in the regular quarterly cash dividend to $1.64 per common share, payable June 10, 2021 to stockholders of record as of May 10, 2021.

This is the 26th year in a row that IBM has increased its quarterly cash dividend.  IBM has paid consecutive quarterly dividends since 1916.

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Strong hybrid cloud adoption; Gross margin expansion; Solid cash generation

IBM today announced fourth-quarter and full-year 2020 earnings results.

“We made progress in 2020 growing our hybrid cloud platform as the foundation for our clients’ digital transformations while dealing with the broader uncertainty of the macro environment." said Arvind Krishna, IBM chairman and chief executive officer.  "The actions we are taking to focus on hybrid cloud and AI will take hold, giving us confidence we can achieve revenue growth in 2021.”

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