IBM approves increase in dividend to $1.67 per common share

IBM’s board of directors declared an increase in the regular quarterly cash dividend to $1.67 per common share, payable June 10 to stockholders of record as of May 10. Arvind Krishna, IBM chairman and CEO, said: “IBM remains focused on two of the most transformational technologies of our time – hybrid cloud and AI – both of which continue to drive growth for our company and for our clients. Our business is strong, with sustained revenue growth, enhanced productivity and solid cash generation, all of which enable us to invest for continued innovation and to return capital to shareholders through our dividend.”