IBM Declares New Dividend, With a 6.1% Yield
IBM (NYSE: IBM) is extending its tradition of sharing its gains with stockholders. The company's board of directors has declared a fresh quarterly dividend on its common stock of $1.63 per share, to be handed out on Dec. 10 to investors of record as of Nov. 10.
The company didn't hesitate to point out that it has paid quarterly dividends for over 100 years; it started doing so in 1916.
Over the past few decades, it has also consistently raised them on an annual basis. Earlier this year, by doing so, IBM made it onto the list of Dividend Aristocrats, the very small group of S&P 500 index companies that have increased their payouts at least once per year for a minimum of 25 years running.
Source Fool.com
