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 solutions and products that utilize data, information technology (IT), capability in industries and business processes. Co. has five segments: Cloud and Cognitive Software, which brings together Co.'s software platforms and solutions, enabling it to help clients predict, automate and improve, on a hybrid cloud; Global Business Services, which provides clients consulting, business process and application management services; Global Technology Services, which provides IT infrastructure and platform services; Systems, which provides infrastructure platforms; and Global Financing, which includes financing and remanufacturing and remarketing businesses.
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Avg. Broker Rec.
 
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Buy (3.00 out of 4) 19th percentile
(ranked lower than approx. 81% of all stocks covered)
Analysts' Target Price: IBM Stock Forecast Based on Zacks ABR data; powered by Xignite |
