Posted by: youngragingbull | April 30, 2013

IBM to buyback another $5 billion in shares, ups dividend

International Business Machines Corp. on Tuesday said it authorized another $5 billion for the company’s stock repurchase plan.

IBM said that with the additional funds, the company now has $11.2 billion available in stock buyback funds.

Additionally, IBM raised its quarterly dividend payment to 95 cents a share from 85 cents, and will be payable on June 10 to shareholders of record as of May 10.

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