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IBM Board Approves Regular Quarterly Cash Dividend


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ARMONK, NY - 25 Jul 2006: The IBM board of directors today declared a regular quarterly cash dividend of $.30 per common share, payable September 9, 2006 to stockholders of record August 10, 2006. With the payment of the September 9 dividend, IBM will have paid 363 consecutive quarterly dividends, starting in 1916.

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