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IBM Board Approves Regular Quarterly Cash Dividend

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ARMONK, NY - 30 Oct 2007: The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $.40 per common share, payable December 10, 2007 to stockholders of record November 9, 2007.  With the payment of the December 10 dividend, IBM will have paid 368 consecutive quarterly dividends, starting in 1916.

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