You are correct... The end of April they will vote for the year..sorry my bad.... I read this...
ARMONK, N.Y.--(BUSINESS WIRE)--
The IBM (IBM) board of directors today declared a regular quarterly cash dividend of $0.85 per common share, payable March 9, 2013 to stockholders of record February 8, 2013. IBM has paid consecutive quarterly dividends every year since 1916.
IBM also announced that its next annual meeting of stockholders will be held April 30, 2013 at the Von Braun Center, Huntsville, Alabama.
If that's true it means a 1.65% yield .
Less than half of Microsoft 3.3% and intel 4.4% yields .
In other words for IBM to justify its stock price relative to those two companies on yield it would have to fall to .
MSFT = $102
INTC = $76