Last updated: October 29. 2013 12:41PM - 187 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) IBM's board has approved the repurchase of $15 billion of its common stock.


The company still had about $5.6 billion remaining under a previous authorization as of September's end.


This means IBM can now buy back up to approximately $20.6 billion of its shares in total.


IBM said Tuesday that it expects to request approval for more stock buybacks at its October 2014 board meeting.


The company's board also declared a regular quarterly dividend of 95 cents. The dividend will be paid on Dec. 10 to shareholders of record on Nov. 8.


Shares of International Business Machines Corp. added. $3.95, or 2.2 percent, to $181.30 in afternoon trading.


Associated Press
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com