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.
How can they raise their dividend when they are resorting to so much debt (almost $34 B ) in order to buy back their stock ?
The directors are taking the proceeds out the rear door as they cash in their option grants .
It is all there in the Yahoo insiders trading section , IF the bozos who are buying are not too lazy to do their own due diligence .
Historically, dividends are raised in the second Q. I did not expect a dividend increse in the first Q.
Stock prices already reflect an expected increase so I wouldn't anticipate a price impact when it is announced.