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IBM Makes Financial Moves

IBM’s (NYSE: IBM) board of directors has announced a regular quarterly cash dividend of $0.75 per common share, payable June 10 to stockholders of record May 10.

According to the firm, “the board today also authorized $8 billion in additional funds for use in the company’s stock repurchase program. IBM will repurchase shares on the open market or in private transactions from time to time, depending on market conditions.”

“Since 2003, we have returned over $100 billion to shareholders in the form of dividends and share repurchases, while continuing to invest in capital expenditures, acquisitions and research and development, ” CEO Samuel Palmisano said. “Our commitment to delivering value to our shareholders remains as important today, as it has ever been.”

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