IBM Raises Dividend 10%, Adds $3 Billion to Buyback
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International Business Machines Corp., the world's biggest computer-services provider, increased its dividend by 10 percent to expand shareholder returns after scrapping a bid to buy Sun Microsystems Inc. The quarterly payout will rise 5 cents to 55 cents, IBM said today in a statement before its annual shareholder meeting in Miami Beach, Florida. The company also boosted its stock repurchase plan by $3 billion.
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