By Adam L. Cataldo
IBM hiked its quarterly dividend by 0.6% to $1.68 per share from $1.67.
The Armonk, N.Y.-based company said Tuesday that the increase was approved by its board of directors, and is the 30th consecutive year IBM has raised its dividend.
The new payout, equal to $6.72 annually, pays a yield of 2.8% based on the company's last closing price of $236.16 on April 28.
The dividend is payable June 10 to stockholders of record as of May 9.
Write to Adam Cataldo at adam.cataldo@wsj.com.
(END) Dow Jones Newswires
April 29, 2025 10:57 ET (14:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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