Microsoft’s New $60 Billion Share Buyback Program: A Reuters Report

Monday, 16 September 2024, 15:04

Reuters highlights Microsoft's announcement of a new share buyback program worth $60 billion. This strategic move comes alongside a 10% quarterly dividend increase. With the annual shareholders meeting soon, investors keenly anticipate Microsoft's performance.
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Microsoft’s New $60 Billion Share Buyback Program: A Reuters Report

Microsoft Announces New $60 Billion Share Buyback Program

Reuters - Microsoft confirmed that its board has approved a significant new share buyback initiative, totaling up to $60 billion. This decision is indicative of the company's strong financial performance and aims to enhance shareholder value.

Quarterly Dividend Increase

In addition to the buyback announcement, Microsoft declared a quarterly dividend of $0.83 per share, which represents an 8 cent or 10% rise from the previous quarter. This increase underscores the company's commitment to returning capital to its shareholders.

Annual Shareholders Meeting

Microsoft is set to hold its annual shareholders meeting on December 10. Investors and analysts will be eager to assess future strategies and performance metrics during this event.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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