IBM Board Declares Regular Quarterly Cash Dividend

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ARMONK, N.Y. - 28 Oct 2003: The IBM Board of Directors today declared a regular quarterly cash dividend of $.16 per common share, payable December 10, 2003 to stockholders of record November 10, 2003.

The Board also authorized up to $3.5 billion in additional funds for use in its repurchase program. IBM said it will repurchase shares on the open market from time to time, depending on market conditions.


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