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.
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