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IBM increases dividend

by on30 April 2008



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.

More here.
Last modified on 30 April 2008
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