Oct 29 IBM has approved another $15
billion for share buybacks on top of about $5.6 billion set
aside previously and left over from an earlier authorization,
helping its shares gain 2 percent on Tuesday.
The latest authorization takes the total set aside for its
stock repurchase program to $20.6 billion, to be executed at the
company's discretion. It said it expects to request additional
funds at its October 2014 board meeting.
International Business Machines Corp also said in a
statement it will pay a regular quarterly dividend of 95 cents a
share on Dec. 10 to holders of record as of Nov. 8.
Shares of Big Blue were up 2 percent at $180.90 at midday.