Thursday 29 September 2016

Microsoft is planning to buy back €36bn worth of its own shares

Published 21/09/2016 | 08:01

Microsoft chief executive, Satya Nadella, pictured discussing trends in computing this week, reveals the shift in focus at the global empire.
Microsoft chief executive, Satya Nadella, pictured discussing trends in computing this week, reveals the shift in focus at the global empire.

Microsoft on Tuesday raised its quarterly dividend by 8pc and said it would buy back up to $40bn (€36bn) as part of a new share repurchase program.

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The company raised its dividend to 39c per share, up 3c from the previous 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 $40bn stock repurchase program by December 31.

Microsoft's shares were up 1pc at $57.41 in extended trading on Tuesday.

Reuters

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