December 24, 2024 08:53 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait

Microsoft announces $40 Bn worth of share buyback plan, dividend boost

| @indiablooms | Sep 19, 2019, at 06:06 pm

Washington, Sep 19 (UNI) The US technology giant, Microsoft Corporation, has announced that it plans to repurchase $40 billion worth of company shares, as well as to increase its dividends.

"The [Microsoft] board of directors ... approved a new share repurchase program authorizing up to $40 billion in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time," the company said in its press release on Wednesday.

The company's quarterly dividends will increase to $0.51 per share, which is an 11 percent increase over the previous quarter's dividends and will be payable to shareholders as of December 12.

The technology giant also announced December 4 as the date for the next annual shareholders' meeting.

Microsoft's repurchase announcement marked the third time the company has authorized such a major buyback plan, with the previous times having been in 2013 and 2016.

Microsoft is now the largest publicly traded company and has reported strong earnings growth from its cloud technologies. The company's shares have risen 36 percent this year.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.