Documents/IBM2015/3: Alignment & Growth/1/Indicator:6

Indicator: 6

[Output_Processing]

Measurements in/of Share Repurchase & Dividends

Type Target Actual
StartDate 2000-01-01
EndDate 2015-12-31 2011-12-31
Billion Dollars 70 133
Description We expect to return $70 billion to shareholders in our 2015 Road Map period: $50 billion through share repurchases and $20 billion in dividends. We have returned $133 billion to our shareholders since the beginning of 2000. At the end of 2011 our quarterly dividend per share was six times higher than 2000. During this period we reduced shares outstanding by one third.