Another Big Blue Buyback –

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:

James Sutliff

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