Home / Software & Service News / Microsoft raises dividend, plans $40 billion share buyback

Microsoft raises dividend, plans $40 billion share buyback

Microsoft headquarters in Redmond, Washington.


(Reuters) – Microsoft Corp on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase program.

The company raised its dividend to 39 cents per share, up 3 cents from the previous quarter.

The technology giant last raised its dividend in September last year.

The new buyback program has no expiration date and may be terminated at any time, the company said on Tuesday.

The company also said it was on track to complete its current $40 billion stock repurchase program by Dec. 31.

Microsoft’s shares were up 1 percent at $57.41 in extended trading on Tuesday.

(Reporting by Narottam Medhora in Bengaluru; Editing by Shounak Dasgupta)

Get more stories like this on TwitterFacebook

Click Here For Original Source Of The Article

About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

Check Also

Now you can sleep on the cool side of the pillow literally all night

TwitterFacebook

'Moona' is a water-based system that regulates the temperature of your pillow. It connects to an app that tracks your motion throughout the night, and adjusts the temperature accordingly. Cool water is pumped through the system to induce sleepiness, and warm water to gently wake you.  Read more...

More about Apple, Iphone, Smartphones, Mashable Video, and Apps And Software

css.php