Microsoft declares a quarterly dividend increase of 10% and authorizes a new $60 billion share repurchase program, signaling strong financial health and confidence in future growth.
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| Microsoft's announcement of a dividend increase and share repurchase program demonstrates its commitment to returning value to investors and reinforces its position as a leading tech company. Symbolic image |
Redmond, WA, USA – September 17, 2024:
Technology giant Microsoft Corporation announced today that it has increased its quarterly dividend and authorized a new share repurchase program, demonstrating its commitment to rewarding shareholders.
The company's board of directors declared a quarterly dividend of $0.83 per share, representing a 10% increase from the previous quarter. This dividend is payable on December 12, 2024, to shareholders of record as of November 21, 2024.
In addition to the dividend hike, Microsoft approved a new share repurchase program authorizing up to $60 billion in share repurchases. This program has no expiration date and can be terminated at any time. Share buybacks can be a way for companies to return capital to shareholders and boost their stock price.
The company also announced the date for its 2024 Annual Shareholders Meeting, which will be held virtually on December 10, 2024. Shareholders of record as of September 30, 2024, will be entitled to vote their shares.
Microsoft's recent announcements are positive indicators for investors. The dividend increase and share repurchase program signal the company's confidence in its financial performance and its commitment to providing value to shareholders.