IBM stock shares hit all time high - KWWL - Eastern Iowa Breaking News, Weather, Closings

IBM stock shares hit all time high

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NEW YORK (AP)-- IBM stock shares have hit an all-time high.  The stocks rode a slight market upswing Monday, climbing as high as $139.88.  That tops a previous high of $139.19 reached on July 13, 1999.

The rise comes after IBM shares spent much of this year going sideways as concerns about European government debt and a sluggish economic recovery in the U.S. weighed on markets. 

That aside, IBM's rising share price reflects steadily climbing profits. And the company is well-known for shareholder friendly policies.  It has established a regular habit of raising its dividend payout, which has tripled on a per-share basis since 2006.  And the company has committed more than $100 billion to buying back stock since 1995, a move that boosts the value of remaining shares.

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