Breaking News Bar
posted: 10/30/2012 1:57 PM

IBM may buy back additional $5 billion in stock

hello
Success - Article sent! close
  • IBM most recently added to its buyback program in April in the amount of $7 billion.

      IBM most recently added to its buyback program in April in the amount of $7 billion.
    ASSOCIATED PRESS

 
Associated Press

ARMONK, N.Y. -- IBM says its board had added $5 billion to its stock buyback program, bringing the total buyback authorization to $11.7 billion.

The computer and consulting company last added to it buyback program in April, in the amount of $7 billion. IBM Corp. said Tuesday that it expects to add more funding to the buyback program next April.

The total buyback authorization is equivalent to 5 percent of the Armonk, N.Y., company's outstanding shares.

Buying back shares increases the value of shareholders' existing stakes and can help support a company's per-share earnings.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.