IBM Board Approves Regular Quarterly Cash Dividend

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ARMONK, N.Y. - 31 Jul 2007: The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $.40 per common share, payable September 10, 2007 to stockholders of record August 10, 2007. With the payment of the September 10 dividend, IBM will have paid 367 consecutive quarterly dividends, starting in 1916.


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