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IBM Boosts Dividend
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SAN FRANCISCO - IBM(IBM Quote) raised its quarterly dividend Tuesday.
Big Blue said it boosted the dividend by 10 cents, or 25%, over the previous quarter; it will pay out 50 cents on June 10 to the shareholders of record as of May 9.
The dividend has increased 150% since 2006, when the company paid out 20 cents quarterly, IBM said. The Armonk, N.Y., company has been paying dividends consecutively since 1916.
Shares were up $1.01, or 0.8%, to $122.70 in recent trading. ...
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