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Share Name Share Symbol Market Type
Microsoft Corporation NASDAQ:MSFT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.11 -1.37% 295.24 295.24 295.26 296.46 293.60 296.09 8,995,510 16:21:16

Microsoft Increases Dividend, OKs New Stock Buyback Plan

15/09/2021 12:22am

Dow Jones News


Microsoft (NASDAQ:MSFT)
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By Kimberly Chin

 

Microsoft Corp. on Tuesday said its board raised its quarterly dividend and approved a new stock buyback program.

The company's new dividend is 62 cents a share, an 11% increase from the previous quarter's dividend. The dividend is payable on Dec. 9 to shareholders of record as of Nov. 18. The ex-dividend date will be Nov. 17, the company said.

Microsoft's board also greenlit a new stock buyback plan of up to $60 billion.

The company plans to hold its annual shareholder meeting on Nov. 30.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

September 14, 2021 19:07 ET (23:07 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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