Today IBM is trading at $126.27 (+0.28%). IBM announced today its decision to raise its quarterly dividend from $1.62/share to $1.63/share. With this tiny boost, the tech giant joined the list of dividend aristocrats, S&P 500 companies that have increased cash dividends to shareholders for 25 straight years.
That decision contrasts with the coronavirus-induced uncertainties that have led many companies to reduce -- or even suspend -- their payouts. During IBM's first-quarter earnings call last week, new CEO Arvind Krishna expressed his commitment to the dividend, thanks to the company's strong free cash flow.