Microsoft raises its dividend by 8%

image

Microsoft Corp. on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase program.

The company raised its dividend to 39 cents per share, up 3 cents from the previous quarter.

The technology giant last raised its dividend in September last year.

The new buyback program has no expiration date and may be terminated at any time, the company said on Tuesday.

The company also said it was on track to complete its current $40 billion stock repurchase program by Dec. 31.

Microsoft’s shares were up 1 percent at $57.41 in extended trading on Tuesday.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s