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In Pictures: Top tech hoarders - 15 companies with...
Like many of its tech peers, IBM has been increasing its efforts to return cash to shareholders. In April, Big Blue announced plans to boost its quarterly dividend by 12% and bolster its stock buyback program by $5 billion (bringing the total of its current stock repurchase program to $11.2 billion). Currently, IBM’s $10.4 billion cash haul consists of $9.6 billion in cash and cash equivalents, plus $799 million in marketable securities. It carries $26.3 billion of long-term debt. “Since 2000, we have returned over $150 billion to shareholders in the form of dividends and share repurchases,” said IBM CEO Ginni Rometty in a statement.
In Pictures: Top tech hoarders - 15 companies with huge cash piles