IBM announced that it is increasing their stock buyback plan by $8 billion dollars. This increases the total stock buyback program to $12.7 billion with additional increases likely to be approved in October. IBM also raised their quarterly dividend to 75 cents which is an increase of 15%. IBM went up to $168.70 a share after the announcements.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/04/26/us-ibm-idUSTRE73P41N20110426
James Sutliff