IBM Board Declares Regular Quarterly Cash Dividend; Announces Two-for-One Split

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ARMONK, N.Y - 26 Jan 1999: ..The IBM Board of Directors today declared a regular quarterly cash dividend of $.22 per common share, payable March 10, 1999 to stockholders of record on February 10, 1999. The Board also declared a two-for-one common stock split, subject to approval of stockholders of an increase in the number of authorized common shares to 4.6875 billion.

The record date for the stock split is currently expected to be on May 10, 1999, with distribution of the split shares to follow on or about May 26, 1999.

IBM also announced that its next annual meeting will be held April 27 at the James L. Knight Center at the Miami Convention Center in Miami, Florida.

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