IBM Buyback
OLI recorded this information on 10/31/2017
Company:
IBM
Buyback:
IBM buyback
$Amount Authorized:
$4,500,000,000
Buyback Details:
The IBM (NYSE:IBM) board of directors today declared a regular quarterly cash dividend of $1.50 per common share, payable December 9, 2017 to stockholders of record November 10, 2017. With the payment of the December 9 dividend, IBM will have paid consecutive quarterly dividends every year since 1916. The board today also authorized $3 billion in additional funds for use in the company's stock repurchase program. IBM said it will repurchase shares on the open market or in private transactions from time to time, depending on market conditions. This amount is in addition to approximately $1.5 billion remaining at the end of September 2017 from a prior authorization. With this new authorization, IBM will have approximately $4.5 billion for its stock repurchase program.
International Business Machines provides integrated solutions and products that utilize data, information technology, capability in industries and business processes. Co. has five segments: Cloud and Cognitive Software, which provides a range of software offerings; Global Business Services, which provides consulting, systems integration, application management and business process outsourcing services; Global Technology Services, which provides project services, managed and outsourcing services, cloud-delivered services, and technical and IT support services; Systems, which provides technology and service; and Global Financing, which provides client financing, among others.
International Business Machines SEC Filing Email Alerts Service
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Avg. Broker Rec.
 
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Buy (2.80 out of 4) 22nd percentile
(ranked lower than approx. 78% of all stocks covered)
Analysts' Target Price: IBM Stock Forecast Based on Zacks ABR data; powered by Xignite |
