Microsoft Ups Dividend, Boosts Share Buyback
eWeek | at | by Mike
Microsoft's shares rose 5 percent after the world's biggest software maker said it would pay a quarterly dividend of 13 cents a share, up from 11 cents a share. Microsoft plans to buyback up to $40 billion of its own stock, and raised its quarterly dividend by 18 percent, the software maker said on Monday.
Microsoft's shares rose 5 percent after the world's biggest software maker said it would pay a quarterly dividend of 13 cents a share, up from 11 cents a share.
The company also said that its board authorized debt financings from time to time of up to $6 billion. It intends to use the proceeds from any debt financings for general corporate purposes.