IBM increases dividend 25 percent, reasserting confidence

By IEVA M. AUGSTUMS, AP Business Writer

Shareholder and IBM retiree Mike Saville of Salt Lake City, Utah, right, walks a picket line in front of the Charlotte Convention Center during IBM's annual meeting in Charlotte, N.C. on Tuesday, April 29, 2008. At IBM's annual shareholder meeting in Charlotte, the board of directors upped the quarterly dividend to 50 cents per share. For the past four quarters it had been 40 cents per share. (AP Photo/Nell Redmond)

(AP) -- IBM Corp. increased its dividend payout 25 percent Tuesday, reflecting the technology company's confidence that it can thrive even with an uncertain economy.

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