DIVIDENDS AND RETAINED EARNINGS OF IBM

International Business Machines Corporation (IBM) is an American multinational information

technology company headquartered in Armonk, New York, united states, with operations in over 170
countries. The company began in 1911 as the -Tabulating-Recording Company (CTR) and was
renamed "International Business Machines" in 1924.
IBM manufactures and markets computer hardware, middleware and software, and
provides hosting and consulting services in areas ranging from mainframe
computers to nanotechnology. IBM is also a major research organization, holding the record for most
U.S. patents generated by a business (as of 2018) for 25 consecutive years. [5] Inventions by IBM
include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe
card, the relational database, the SQL programming language, the UPC barcode, and dynamic
random-access memory (DRAM). The IBM mainframe, exemplified by the System/360, was the
dominant computing platform during the 1960s and 1970s.
Dividends 2018

IBM declared a quarterly dividend of $1.57 per share, or $6.28 annualized. The dividend will be
payable on September 10, 2018, to stockholders of record on August 10, 2018, with an ex-dividend
date of August 9, 2018.The annual yield on the dividend is 4.4 percent.

Dividends 2017

IBM declared a quarterly dividend of $1.50 per share, or $6 annualized. The dividend will be payable
on December 9, 2017, to stockholders of record on November 10, 2017, with an ex-dividend date of
November 8, 2017.The annual yield on the dividend is 3.9 percent. The board today also authorized
$3 billion in additional funds for use in the company’s stock repurchase program. IBM said it will
repurchase shares on the open market or in private transactions from time to time, depending on
market conditions. This amount is in addition to approximately $1.5 billion remaining at the end of
September 2017 from a prior authorization. With this new authorization, IBM will have approximately
$4.5 billion for its stock repurchase program.
Dividends 2016

IBM declared a quarterly dividend of $1.40 per share, or $5.6 annualized. The dividend will be
payable on December 10, 2016, to stockholders of record on November 10, 2016, with an ex-dividend
date of November 8, 2016. The annual yield on the dividend is 3.7 percent. The board today also
authorized $3 billion in additional funds for use in the company’s stock repurchase program. IBM said
it will repurchase shares on the open market or in private transactions from time to time, depending on
market conditions. This amount is in addition to approximately $3 billion remaining at the end of
September 2016 from a prior authorization. With this new authorization, IBM will have approximately
$6 billion for its stock repurchase program.
Dividends 2015

IBM declared a quarterly dividend of $1.30 per share, or $5.2 annualized. The dividend will be
payable on December 10, 2015, to stockholders of record on November 10, 2015, with an ex-dividend
date of November 6, 2015.The annual yield on the dividend is 3.7 percent. The board today also
authorized $4 billion in additional funds for use in the company’s stock repurchase program. IBM said
it will repurchase shares on the open market or in private transactions from time to time, depending on
market conditions. This amount is in addition to approximately $2.4 billion remaining at the end of
September 2015 from a prior authorization. With this new authorization, IBM will have approximately
$6.4 billion for its stock repurchase program.
Dividends 2014

IBM declared a quarterly dividend of $1.10 per share, or $4.4 annualized. The dividend will be
payable on December 10, 2014, to stockholders of record on November 10, 2014, with an ex-dividend
date of November 6, 2014.The annual yield on the dividend is 2.7 percent.
Dividends 2013

IBM declared a quarterly dividend of $0.95 per share, or $3.8 annualized. The dividend will be
payable on December 10, 2013, to stockholders of record on November 8, 2013, with an ex-dividend
date of November 6, 2013. The annual yield on the dividend is 2.1 percent. The board today also
authorized $15 billion in additional funds for use in the company’s stock repurchase program. IBM
said it will repurchase shares on the open market or in private transactions from time to time,
depending on market conditions. This amount is in addition to approximately $5.6 billion remaining at
the end of September 2013 from a prior authorization. With this new authorization, IBM will have
approximately $20.6 billion for its stock repurchase program. IBM expects to request additional share
repurchase authorization at the October 2014 board meeting

Dividends 2012

declared a quarterly dividend of $0.85 per share, or $3.4 annualized. The dividend will be payable on
December 10, 2012, to stockholders of record on November 9, 2012, with an ex-dividend date of
November 7, 2012.The annual yield on the dividend is 1.8 percent.

Dividends 2011

International Business Machines Corp declared a quarterly dividend of $0.75 per share, or $3
annualized. The dividend will be payable on December 10, 2011, to stockholders of record on
November 10, 2011, with an ex-dividend date of November 8, 2011.The annual yield on the dividend
is 1.7 percent. The board today also authorized $7 billion in additional funds for use in the company’s
stock repurchase program. IBM said it will repurchase shares on the open market or in private
transactions from time to time, depending on market conditions. This amount is in addition to
approximately $5.2 billion remaining at the end of September 2011 from a prior authorization. With
this new authorization, IBM will have approximately $12.2 billion for its stock repurchase program.
IBM expects to request additional share repurchase authorization at the April 2012 board meeting.

Retained Earnings for year 2014-2018