IBM says its board has raised its regular quarterly dividend by 12 percent to 95 cents and approved a plan to repurchase up to $5 billion of its stock.

IBM Corp. said Tuesday that the dividend is payable on June 10 to shareholders of record as of May 10. The Armonk, N.Y.-based technology company says this is the 18th year in a row that it has raised its quarterly dividend.

Recommended Stories

Illinois man charged in white powder mail hoax targeting members of Congress

US military will do ‘space-based logistics’ in ‘our lifetimes’: Caine

Appeals court rejects DOJ’s expedited bid to set aside 20,000 California mail ballots