IBM Board Approves Regular Quarterly Cash Dividend

IBM Board Approves Regular Quarterly Cash Dividend 

    ARMONK, N.Y.--(BUSINESS WIRE)--July 29, 2003--

The IBM Board of Directors today declared a regular quarterly cash
dividend of $.16 per common share, payable September 10, 2003 to
stockholders of record August 8, 2003.

   Short Name: Intnl Bus. Mach
   Category Code: DIV
   Sequence Number: 00007725
   Time of Receipt (offset from UTC): 20030729T154218+0100