Seeking Alpha

IBM (IBM +0.8%) is raising its quarterly dividend by $0.10/share, or 12%, to $0.95/share, and...

IBM (IBM +0.8%) is raising its quarterly dividend by $0.10/share, or 12%, to $0.95/share, and increasing its buyback authorization by $5B to $11.2B. Big Blue's yield is now at 1.9%, and its buyback authorization is now good for repurchasing 5.1% of shares at current levels. IBM carried out $2.6B in buybacks in Q1 - its EPS miss would've been much worse without them. The company notes it has raised its dividend 18 years in a row and lowered its share count by a third since 2000, and says it expects to request another authorization at its Oct. board meeting. (PR)
Comments (5)
  • Good timing after the recent pullback
    30 Apr 2013, 11:07 AM Reply Like
  • Only way they can beat earnings.
    30 Apr 2013, 12:18 PM Reply Like
  • Damage control level 2
    Level 1 was putting the blame for the poor report on slow response to client complaints .
    What do you expect from a CEO who is a saleswoman benefitting from her lucrative sale of no cost option grants while the low cash reserves are spent buying company stock to support the stock price for her and her directors to maximise their profits .
    How easy it is in this market to fool the investor
    30 Apr 2013, 02:28 PM Reply Like
  • How is continuing a strategy that IBM has put to excellent use over the past decade "fooling the investor"? Part of the reason people invest in IBM is for their disciplined return of capital to investors.
    1 May 2013, 01:39 AM Reply Like
  • Some more details here on the same topic: http://seekingalpha.co...
    30 Apr 2013, 11:25 PM Reply Like
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