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
|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)|