Like The Herald Business Journal on Facebook!
The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
Heraldnet.com

The top local business stories in your email

Contact Us:

Josh O'Connor
Publisher
Phone: 425-339-3007
joconnor@heraldnet.com

Maureen Bozlinski
General Sales Manager
Phone: 425-339-3445
Fax: 425-339-3049
mbozlinski@heraldnet.com

Jim Davis
Editor
Phone: 425-339-3097
jdavis@heraldnet.com

Site address:
1800 41st Street, S-300,
Everett, WA 98203

Mailing address:
P.O. Box 930
Everett, WA 98206

HBJ RSS feeds

IBM board OK repurchase of another $15B of stock

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon
Associated Press
Published:
ARMONK, N.Y. -- IBM's board has approved the repurchase of $15 billion of its common stock.
The company still had about $5.6 billion remaining under a previous authorization as of September's end.
This means IBM can now buy back up to approximately $20.6 billion of its shares in total.
IBM said Tuesday that it expects to request approval for more stock buybacks at its October 2014 board meeting.
The company's board also declared a regular quarterly dividend of 95 cents. The dividend will be paid on Dec. 10 to shareholders of record on Nov. 8.
Shares of International Business Machines Corp. added. $3.95, or 2.2 percent, to $181.30 in afternoon trading.

MORE HBJ HEADLINES

CALENDAR

Market roundup