The IBM (NYSE:IBM) board of directors today declared a regular
quarterly cash dividend of $.30 per common share, payable December 9,
2006 to stockholders of record November 10, 2006.
With the payment of the December 9 dividend, IBM will have paid
364 consecutive quarterly dividends, starting in 1916.
The board also authorized $4 billion in additional funds for use
in its stock repurchase program. This amount is in addition to
approximately $2.4 billion for stock repurchase remaining from a prior
authorization. With this new approval, IBM now has approximately $6.4
billion for its 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.
