Summary Box: IBM dividend, stock buyback
THE MOVES: IBM Corp. is raising its quarterly dividend and repurchasing more stock under a new buyback program.
THE TRENDS: IBM says this is the 17th year in a row it has increased its dividend.
THE NUMBERS: The quarterly dividend is going up by 10 cents, or 13 percent, to 85 cents. The stock buyback program is being expanded by $7 billion, on top of $5.7 billion that was left from an earlier program, bringing the total authorization to $12.7 billion. IBM said it plans to ask its board to authorize money for more buybacks in October.