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Microsoft Increases Dividends, Plans $40B Share Repurchase

By TechTaffy Desk

Microsoft_campus

Microsoft has declared a quarterly dividend of 28 cents per share, reflecting a 5 cent or 22 percent increase over the previous quarter’s dividend. The dividend is payable Dec. 12, 2013, to shareholders of record on Nov. 21, 2013. The ex-dividend date will be Nov. 19, 2013.

The Microsoft board of directors has also approved a new share repurchase program authorizing up to $40 billion in share repurchases. The new share repurchase program, which has no expiration date, replaces the previous $40 billion share repurchase program that was set to expire Sept. 30, 2013.

[Image courtesy: Microsoft]

 

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