Microsoft's Strategic $60 Billion Share Buyback Program Announced

Monday, 16 September 2024, 15:04

Reuters highlights Microsoft’s announcement of a $60 billion share buyback program. This significant investment reflects the company's commitment to returning value to shareholders. With a declared quarterly dividend increase to $0.83 per share, Microsoft is poised to strengthen its market position further.
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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.


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