Press release

IBM Board Approves Increase in Quarterly Cash Dividend for the 24th Consecutive Year

Sponsored by Businesswire

The IBM (NYSE: IBM) board of directors today declared a regular
quarterly cash dividend of $1.62 per common share, payable June 10, 2019
to stockholders of record as of May 10, 2019. Today’s dividend
declaration represents an increase of $0.05 per common share.

This is the 24th year in a row that IBM has increased its quarterly cash
dividend. IBM has paid consecutive quarterly dividends since 1916.

Ginni Rometty, IBM chairman, president and chief executive officer said,
“Our strong cash generation has enabled IBM to invest aggressively in
the emerging, high-value segments of our industry, while continuing to
return capital to our shareholders.”