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Short Take: IBM two-for-one split

The IBM Board of Directors declared a two-for-one common share split, subject to approval of shareholders. This will increase in the number of common shares from 750 million to 1.875 billion. The date for the split is expected on May 9. The Board also declared a quarterly cash dividend of 35 cents a share.

The IBM Board of Directors declared a two-for-one common share split, subject to approval of shareholders. This will increase in the number of common shares from 750 million to 1.875 billion. The date for the split is expected on May 9. The Board also declared a quarterly cash dividend of 35 cents a share.