IBM Board Approves 25 Percent Increase in Quarterly Cash Dividend

The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $0.50 per common share, payable June 10, 2008, to stockholders of record May 9, 2008.

Today’s dividend declaration represents an increase of $0.10, or 25 percent higher than the prior quarterly dividend of $0.40 per common share.

IBM has increased its quarterly dividend by 150 percent since 2006. This is the 13th year in a row that IBM has increased its quarterly cash dividend.

With the payment of the June 10 dividend, IBM will have paid 370 consecutive quarterly dividends, starting in 1916.