Microsoft Increases Dividend, OKs New Stock Buyback Plan
By Kimberly Chin
Microsoft Corp. on Tuesday said its board raised its quarterly
dividend and approved a new stock buyback program.
The company's new dividend is 62 cents a share, an 11% increase
from the previous quarter's dividend. The dividend is payable on
Dec. 9 to shareholders of record as of Nov. 18. The ex-dividend
date will be Nov. 17, the company said.
Microsoft's board also greenlit a new stock buyback plan of up
to $60 billion.
The company plans to hold its annual shareholder meeting on Nov.
Write to Kimberly Chin at email@example.com
(END) Dow Jones Newswires
September 14, 2021 19:07 ET (23:07 GMT)
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