SAN FRANCISCO (MarketWatch)
IBM said Tuesday its board raised the company's quarterly dividend by 15% to 75 cents a share from 65 cents in the previous quarter.
The board also authorized $8 billion in additional funds for the company's stock repurchase program.
IBM still has about $4.7 billion remaining from its existing plan, bringing the total for its buyback program to about $12.7 billion.
The computer company expects to request additional share repurchase authorization at its board meeting in October.
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