Microsoft (NASDAQ:MSFT) Raised Dividend, Plans $40-B Share Buyback

Microsoft (NASDAQ:MSFT) Raised Dividend, Plans $40-B Share Buyback

Microsoft (NASDAQ:MSFT) Raised Dividend, Plans $40-B Share Buyback

$MSFT

Microsoft Corp Tuesday raised its Quarterly dividend by 8% and said it would buy back up to $40-B in shares, as part of a new share repurchase program.

The company raised its dividend to 0.39/share, + 0.03 from the prior 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-B stock repurchase program by 31 December.

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

Symbol Last Trade Date Change Open High Low Volume
NYSE:MSFT 56.81 20 September 2016 -0.12 57.35 57.35 56.75 17,323,000
HeffX-LTN Analysis for MSFT: Overall Short Intermediate Long
Neutral (-0.02) Bearish (-0.39) Neutral (-0.17) Very Bullish (0.50)

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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