Microsoft Plans New $60 Billion Buyback, Raises Dividend 10%
- Share repurchase plan replaces previous $60 billion program
- Buyback agreement is less than 2% of Microsoft’s market value
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Microsoft Corp. raised its quarterly dividend 10% and unveiled a new $60 billion stock-buyback program, matching the size of a repurchase plan three years ago. The company’s shares gained as much as 2.4%.
The software company said late Monday that shareholders as of Nov. 21 will receive a quarterly dividend of 83 cents a share, compared with the current 75 cents. The share repurchase agreement, which has no expiration date, replaces a buyback program announced in 2021 that was also $60 billion.