International Business Machines (NYSE:IBM) announced its quarterly dividend of 85 cents per share, an increase of about 13% over its prior dividend in February of 75 cents. The company also authorized $7 billion in additional funds for use in the company's stock repurchase program, in addition to approximately $5.7 billion remaining at the end of March from a prior authorization. The dividend is payable June 9 to stockholders of record as of May 10.
Shares are higher by about seven tenths of a percent.
In other dividend news, American Electric Power Incorporated (NYSE:AEP) maintained its quarterly dividend of 47 cents per share. Noble Energy Incorporated (NYSE:NBL) maintained its quarterly dividend of 22 cents per share. Suntrust Banks Incorporated (NYSE:STI) maintained its quarterly dividend of 5 cents per share.
Among dividend increases, Williams Partners (NYSE:WPZ) announced its quarterly dividend of 77.75 cents per share, an increase of about 2% over its prior dividend in February of 76.3 cents.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.