Microsoft's Strategic $60 Billion Share Buyback Program Announced
Microsoft Initiates $60 Billion Share Buyback
According to Reuters, Microsoft announced on Monday that its board has approved a staggering new share buyback program of up to $60 billion. This strategic decision underscores Microsoft’s resolve to maximize shareholder value in a competitive environment.
Quarterly Dividend Update
In addition to the buyback program, Microsoft declared a quarterly dividend of $0.83 per share, marking an increase of 10% or 8 cents compared to the previous quarter. This move illustrates the tech giant's ongoing focus on rewarding its investors.
Looking Ahead
Microsoft has scheduled its annual shareholders meeting for Dec. 10, where these initiatives will likely be discussed further. As the company moves forward with its buyback plan, analysts will closely monitor the impact on its share price and financial health.
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.