International Business Machines (IBM) this morning said its board authorized $10 billion in funds to be allocated to stock repurchases from time to time, on top of an existing $2.3 billion remaining under the previous allocation. The company said it would request additional authorization at its April board meeting next year.
CEO Sam Palmisano said the company had returned $91 billion to shareholders since 2003.
IBM also declared its quarterly cash dividend of 65 cents, payable December 10th to shareholders of record as of November 10th.
IBM stock is up $1.12, or 0.8%, at $140.96.
No comments:
Post a Comment