Reported 22 days ago
Microsoft has announced a $60 billion stock buyback, matching its largest repurchase authorization to date, while also raising its quarterly dividend by 10% to 83 cents per share from 75 cents. This buyback replaces a previous $60 billion program and has no expiration date, reflecting the company's strong cash position and growth driven by artificial intelligence advancements. Microsoft's shares saw a slight increase after the announcement.
Source: YAHOO