вторник, 13 марта 2012 г.

Dividend hike, buyback bolster IBM

IBM announced the biggest dividend increase in its historyTuesday, and said it will buy back an additional $4 billion of itsstock. The news from the company's annual filing helped the sharesgain 56 cents to close at $82.67. The quarterly dividend increased 50percent to 30 cents a share, payable June 10 to shareholders ofrecord May 10. CEO Sam Palmisano is under pressure to bolster salesgrowth after relying on job cuts and a shift toward more profitableunits to improve results.

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