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 Drives Dow After Dividend Hike
Microsoft Corp (NASDAQ:MSFT) stock is up 2.3% to trade at $441.13 this morning, propping up the Dow, after the blue-chip tech titan announced a new $60 billion share buyback plan. Microsoft also hiked its quarterly dividend by 10.7% to 83 cents per share.
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2hon MSN
Microsoft Corp. closed $29.66 short of its 52-week high ($468.35), which the company reached on July 5th.
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An apparent supergroup comprised of BlackRock, Nvidia, Microsoft, and others is planning to invest more than $30 billion in ...
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U.S. equities were higher around midday as August retail sales were higher than anticipated and the Fed began its two-day ...
The stock market edged higher in the morning but gave up the gains by midday. At last check the S&P 500 lost 0.27% and the ...
Microsoft (MSFT) stock price has done well in the past decades, helping propel it into the second-biggest company in the ...
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