(Bloomberg) -- Microsoft Corp. unveiled a new $60 billion stock-buyback program, matching its largest-ever repurchase authorization, and raised its quarterly dividend 10%, Most Read from BloombergPipeline Fire Near Houston Forces Some Residents to EvacuateHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceUS Driving and Congestion Rates Are Higher Than EverAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeAn Artist Reimagines the Spaces of Childhood, With Thorny Resu Read More...
(Bloomberg) — Microsoft Corp. unveiled a new $60 billion stock-buyback program, matching its largest-ever repurchase authorization, and raised its quarterly dividend 10%,
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The software company said shareholders as of Nov. 21 will receive a quarterly dividend of 83 cents a share, compared with the current 75 cents. The share repurchase agreement, which has no expiration date, replaces a $60 billion buyback program announced in 2021.
The shares of the Redmond, Washington-based company have gained 31% in the past year.
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