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IBM Buyback

OLI recorded this information on 10/31/2017

Company: IBM
Buyback: IBM buyback
$Amount Authorized: $4,500,000,000
Buyback Details: The IBM (NYSE:IBM) board of directors today declared a regular quarterly cash dividend of $1.50 per common share, payable December 9, 2017 to stockholders of record November 10, 2017. With the payment of the December 9 dividend, IBM will have paid consecutive quarterly dividends every year since 1916. 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.

International Business Machines provides integrated solutions and products that utilize data, information technology and business processes. Co.'s business segments, include: Cognitive Solutions, comprises a portfolio that assist clients to identify insights and inform decision-making; Global Business Services, which provides consulting, application management and business process services; Technology Services & Cloud Platforms, which provides infrastructure, technical support and integration software services; Systems, which provides infrastructure platforms to clients; and Global Financing, which encompasses of two primary businesses: financing and remanufacturing and remarketing.

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Company Name:  International Business Machines Corp
Stock buyback:  IBM buyback
Sector:  Information Technology Services
Number of ETFs Holding IBM:  147
Total Market Value Held by ETFs:  $14.57B
Total Market Capitalization:  $122.20B
% of Market Cap. Held by ETFs:  11.92%

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January 21, 2020    1:43 AM Eastern
Quotes delayed 20 minutes

Hold (2.43 out of 4)
13rd percentile
(ranked lower than approx. 87% of all stocks covered)
Based on Zacks ABR data;
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