REDMOND, Wash., Sept. 14, 2021 /PRNewswire/ -- Microsoft Corp. on
Tuesday announced that its board of directors declared a quarterly
dividend of $0.62 per share,
reflecting a 6 cent or 11% increase
over the previous quarter's dividend. The dividend is payable
Dec. 9, 2021, to shareholders of
record on Nov. 18, 2021. The
ex-dividend date will be Nov. 17,
The board of directors also approved a new share repurchase
program authorizing up to $60 billion
in share repurchases. The new share repurchase program, which has
no expiration date, may be terminated at any time.
The board of directors approved the appointment of Brad Smith as president and vice chair of
Microsoft. "This reflects the unique leadership role that Brad
plays for the company, our board of directors and me, with
governments and other external stakeholders around the world," said
Satya Nadella, chairman and chief
executive officer of Microsoft. This is an updated executive role
for Mr. Smith who will continue to report to Mr. Nadella.
In addition, the company announced the date for the 2021 Annual
Shareholders Meeting, to be held on Nov. 30,
2021. Shareholders at the close of business on Sept. 30, 2021, the record date, will be entitled
to vote their shares.
This year's annual shareholders meeting will be held virtually
and hosted by Satya Nadella,
chairman and chief executive officer; Amy
Hood, chief financial officer; Brad
Smith, president and vice chair; and John W. Thompson, Microsoft lead independent
Microsoft (Nasdaq "MSFT" @microsoft) enables digital
transformation for the era of an intelligent cloud and an
intelligent edge. Its mission is to empower every person and every
organization on the planet to achieve more.
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SOURCE Microsoft Corp.