IBM board approves quarterly cash dividend

The IBM (NYSE:IBM) board of directors has declared a regular quarterly cash dividend of USD 1.50 per common share, payable December 9, 2017 to stockholders of record November 10, 2017, the company said.

With the payment of the December 9 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.

The board also authorized USD 3 billion in additional funds for use in the company´s stock repurchase program. IBM said it will repurchase shares on the open market or in private transactions from time to time, depending on market conditions.