IBM Board Approves Regular Quarterly Dividend

ARMONK, N.Y.—(BUSINESS WIRE)—July 26, 2005— The IBM board of directors today declared a regular quarterly cash dividend of $0.20 per common share, payable September 10, 2005 to stockholders of record August 10, 2005. With the payment of the September 10 dividend, IBM will have paid 359 consecutive quarterly dividends, starting in 1916.

The board also approved a plan to repatriate foreign earnings in accordance with the temporary repatriation incentive of the American Jobs Creation Act of 2004. The company said it intends to repatriate approximately $9 billion under the plan and will record a tax charge and related tax liability of approximately $450 million in the third quarter of 2005 in connection with this repatriation.



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