IBM approves dividend increase

The IBM (NYSE: IBM) board of directors has declared a regular quarterly cash dividend of USD 1.50 per common share, payable June 10, 2017 to stockholders of record as of May 10, 2017.

This dividend declaration represents an increase of USD 0.10, or 7% higher than the prior quarterly dividend of USD 1.40 per common share.

This is the 22nd year in a row that IBM has increased its quarterly cash dividend — IBM has more than doubled its quarterly dividend per share since 2010. IBM has paid consecutive quarterly dividends since 1916.