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IBM Board Approves Increase in Quarterly Cash Dividend for the 25th Consecutive Year

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The IBM board of directors today declared a regular quarterly cash dividend of $1.63 per common share, payable June 10, 2020 to stockholders of record as of May 8, 2020.  Today’s dividend declaration represents an increase of $0.01 per common share.

This is the 25th year in a row that IBM has increased its quarterly cash dividend.  IBM has paid consecutive quarterly dividends since 1916.

Arvind Krishna, IBM chief executive officer, said, "IBM's free cash flow and our strong balance sheet gives us confidence to both invest aggressively in cloud and AI technologies, while also returning value to our shareholders.  We remain fully committed to our dividend even during this unprecedented time, and we recognize the importance of the dividend to the more than 2.3 million investors in IBM.”

The IBM business model is built to support two principal goals: helping clients succeed in delivering business value by becoming more innovative, efficient and competitive through the use of business insight and information technology (IT) solutions; and, providing long-term value to shareholders. The business model has been developed over time through strategic investments in capabilities and technologies that have the best long-term growth and profitability prospects based on the value they deliver to clients. The company's strategy is to focus on the high-growth, high-value segments of the IT industry. The company's global capabilities include services, software, hardware, fundamental research and financing. The broad mix of businesses and capabilities are combined to provide business insight and solutions for the company's clients.

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