ARMONK, N.Y. - IBM (NYSE: NYSE:IBM) has announced that its board of directors declared a regular quarterly cash dividend of $1.67 per common share, which is scheduled to be paid on September 10, 2024. The dividend will be distributed to shareholders who are on record as of August 9, 2024.
This upcoming dividend payment marks a continuation of IBM's long-standing tradition of delivering dividends to its shareholders. With the September payment, the company will have maintained a record of paying consecutive quarterly dividends every year since 1916.
IBM's commitment to regular shareholder returns reflects its financial stability and the board's confidence in the company's financial position. Dividends are a way for companies to return value to shareholders, and IBM's consistent dividend payments highlight its dedication to shareholder interests.
IBM's consistent dividend payments are a notable element of its financial practices, providing shareholders with a steady income stream. The dividend yield and the long history of dividend payments may be of interest to investors seeking regular income from their investments in the stock market.
As one of the oldest and most established companies in the technology sector, IBM's regular dividend payments underscore the company's resilience and adaptability in a rapidly evolving industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.