IBM board approves $4 billion for stock repurchaseStaff writer ▼ | October 28, 2015
The IBM board of directors declared a regular quarterly cash dividend of $1.30 per common share, payable December 10, 2015 to stockholders of record November 10, 2015.
IBM The board declared a regular quarterly cash dividend of $1.30
The board authorized $4 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.
This amount is in addition to approximately $2.4 billion remaining at the end of September 2015 from a prior authorization. With this new authorization, IBM will have approximately $6.4 billion for its stock repurchase program. ■