Reported 22 days ago
Microsoft has announced a 10% increase in its quarterly dividend, alongside a new $60 billion stock buyback program, mirroring a previous repurchase plan from three years ago. Shareholders will receive an 83-cent dividend per share starting November 21, up from 75 cents. This buyback, while substantial, represents less than 2% of Microsoft's market value, which soared to $3.2 trillion due to strong stock performance fueled by the company's advancements in artificial intelligence.
Source: YAHOO