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IBM Raises Quarterly Dividend by 0.6% to $1.67

Provided by Dow Jones

Apr 30, 2024 3:07pm

By Colin Kellaher

International Business Machines' board has raised the software and consulting giant's quarterly dividend by 0.6%, to $1.67 from $1.66.

The new payout, equal to $6.68 a year, represents an annual yield of about 4.02% based on Tuesday's trading price of $166.03.

The Armonk, N.Y., company said the increased dividend is payable June 10 to shareholders of record May 10.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

April 30, 2024 11:07 ET (15:07 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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