Microsoft to buy back up to $40 billion of shares, raises dividend
The Microsoft logo is seen at their offices in Bucharest March 20, 2013. REUTERS/Bogdan Cristel
Tue Sep 17, 2013 10:13am EDT
(Reuters) - Microsoft Corp (MSFT.O) said it would buy back up to $40 billion of its shares and raise its quarterly dividend by 22 percent.
The new share repurchase program, which has no expiration date, replaces a $40 billion buyback program that was set to expire on September 30.
The company will pay a quarterly dividend of 28 cents per share, payable on December 12 to shareholders of record on November 21.
(Reporting by Chandni Doulatramani in Bangalore; Editing by Saumyadeb Chakrabarty)
