High Flying IBM Announces Dividend

IBM (IBM: 127.91 +0.24%) announced yesterday that its Board of Directors has approved a quarterly dividend payment of $.55 per share.

IBM’s current dividend yield now stands at 1.9%.

The dividend will be payable on September 10, 2009 to shareholders of record as of August 10, 2009.

IBM has now made consecutive quarterly dividend payments dating back to 1916.

IBM’s stock finished virtually unchanged today to close at $117.26. However, IBM shares have gained over 39% since the beginning of 2009. Of the 30 Dow stocks, only American Express (AXP: 40.85 +1.84%) has delivered better performance for their investors this year.