Good news came from IBM (NYSE:IBM), after Hurricane Sandy shut down the market for two days. The stock is up for the company, because they recently announced $5 billion in additional buyback authorizations, which is in addition to the $6.7B that has already been authorized. So far, IBM has a good track record of returning capital to shareholders, including 18% growth in dividends over the last five years. Get the full story here, as Fool.com tech and telecom analyst Andrew Tonner explains how and why IBM is a safe, steady compounding machine.
Andrew Tonner has no positions in the stocks mentioned above. Follow Andrew and all his writing on Twitter @AndrewTonner. Blake Bos owns shares of Microsoft. The Motley Fool owns shares of International Business Machines, Microsoft, and Oracle. Motley Fool newsletter services recommend International Business Machines and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Tech Stocks This Week: IBM Earnings and Apple's Plans for $350 BIllion
IBM stock falls and Apple brags about how it will help the U.S. economy.
Why IBM, GNC Holdings, and Intrexon Slumped Today
Find out more about how earnings results held back Big Blue.
IBM Struggled With the Tax Man in the 4th Quarter
A long-awaited return to actual sales growth was overshadowed by a $5.5 billion one-time tax charge.