Microsoft Increases Dividend, Plans New $40 Billion Buyback Program

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Microsoft announced Tuesday that its board of directors has approved a new share buyback program for up to $40 billion, replacing a previous $40 billion repurchase program that is set to expire at the end of this month

Microsoft also revealed plans to raise its quarterly dividend from $0.23 to $0.23, an increase of 22%. The news comes two days before Microsoft is scheduled to hold a meeting with financial analysts

CHART: Here’s the history of Microsoft’s dividends, from FY05 to now pic.twitter.com/E1QJseo7oJ

— Microsoft News (@MSFTnews) September 17, 2013 Read more…

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Via: Mashable: Business

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