Microsoft Hikes Dividend, Announces $60 Billion Stock Buyback
Microsoft's share repurchase program, which has no expiration date, replaces its previous $60 billion authorization announced four years ago. Meanwhile, investors also cheered the news that shareholders of record as of Nov. 21 will receive a quarterly dividend of 83 cents per share, up from the current 75 cents a share.
Microsoft Unveils $60 Billion Stock Buyback: Time to Buy MSFT Stock?
Microsoft recently approved a stock-buyback program, a shareholder-friendly initiative. Microsoft’s new $60 billion share repurchase program is the third largest this year after stock buyback authorizations of $100 billion and $70 billion by Apple Inc. AAPL and Amazon.com, Inc. AMZN, respectively.
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