SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: StanX Long who wrote (63346)5/1/2002 1:29:30 AM
From: StanX Long  Read Replies (1) | Respond to of 70976
 
IBM approves 3.5 bln usd for shr buyback; raises qtrly div to 15 cents

host.wallstreetcity.com

LOUISVILLE, KY, Apr 30, 2002 (AFX-UK via COMTEX) -- International Business Machines Corp said its board approved up to 3.5 bln usd in additional funds for share buybacks.
In a statement, IBM said it will repurchase shares in the open market depending on market conditions.

IBM also said it will raise its quarterly dividend to 15 cents per common share, up from 14 cents.

lwl/djp

Copyright 2002. AFX News Ltd. All rights reserved.

-0-