Microsoft Hikes Dividend, Announces $60 Billion Stock Buyback
Microsoft's share repurchase program, which has no expiration date, replaces its previous $60 billion authorization announced four years ago. Meanwhile, investors also cheered the news that shareholders of record as of Nov. 21 will receive a quarterly dividend of 83 cents per share, up from the current 75 cents a share.
Microsoft stock is up 2% after the software group hiked its dividend and said it [would launch a new $60 billion buyback program]( ...
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Although Microsoft stock has started to move upwards again, and Wall Street analysts have retained their optimism.
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