Confidence
Big Blue has increased its dividend payout 25 percent in a message that is designed to tell Wall Street that it is confident in the future.
For the last year, IBM has paid out 40 cents a share. Now, despite economic gloom, the company has upped this to 50 cents. Things have been going quite well for Big Blue, which reported a 26 percent jump in profits and raised its earnings forecast for the year. It also wants to buy back $12 billion worth of its shares this year.
The move has sent a clear message to Wall Street: that while many technology companies are likely to go to the wall in the coming downturn, IBM is confident that it will continue to do well.
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Nick Farell
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