International Business Machines Corp. (IBM) said Tuesday that its board declared a regular quarterly cash dividend of $0.95 per common share, payable June 10, 2013 to stockholders of record May 10, 2013. The dividend declaration represents an increase of $0.10, or 12 percent higher than the prior quarterly dividend of $0.85 per common share.
In addition, the company said that its board also authorized $5 billion in additional funds for use in the company's stock repurchase program. This amount is in addition to approximately $6.2 billion remaining at the end of March from a prior authorization.
With this new authorization, the company will have approximately $11.2 billion for its stock repurchase program. The company said it expects to request additional share repurchase authorization at the October 2013 board meeting.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.