From the release:
MILWAUKEE, Wis. - 27 Apr 2010: The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $0.65 per common share, payable June 10, 2010 to stockholders of record May 10, 2010.
Today’s dividend declaration represents an increase of $0.10, or 18 percent higher than the prior quarterly dividend of $0.55 per common share.
IBM has increased its quarterly dividend over 330 percent since 2003. This is the 15thyear in a row that IBM has increased its quarterly cash dividend, and 7th year in a row of double-digit percent increases.
A look below at IBM's increased dividends - and especially at the increased expectations for 2010 earnings over the past year - help explain the rise in the DJIA over the same period.
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