IBM Increases Dividend 25 Percent

IBM, in an effort to show the world it can do well in a sagging economy, just announced a 25 percent increase in its dividend payout. I guess that’s a good way to bolster confidence. . . money.

The move comes two weeks after the Armonk, N.Y.-based company reported a 26 percent jump in profit and raised its earnings forecast for the year. The company also plans to spend $12 billion buying back its shares in 2008. IBM shares rose 69 cents to $122.38 in midday trading.

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