By Colin Kellaher
International Business Machines' board has raised the software and consulting giant's quarterly dividend by 0.6%, to $1.67 from $1.66.
The new payout, equal to $6.68 a year, represents an annual yield of about 4.02% based on Tuesday's trading price of $166.03.
The Armonk, N.Y., company said the increased dividend is payable June 10 to shareholders of record May 10.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
04-30-24 1107ET