Microsoft To Buy Back $60 Billion In Shares, Appoints Brad Smith As Vice Chairperson
NDTV
Microsoft said it will conduct an up to $60 billion share buyback program, raise its quarterly dividend by 11 per cent, and appoint company President Brad Smith as vice chair.
Microsoft Corp on Tuesday said it will conduct an up to $60 billion share buyback program, raise its quarterly dividend by 11 per cent, and appoint company President Brad Smith as vice chair.
Microsoft said the buyback program has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share - six cents over the previous quarter.
The U.S. technology giant also called the vice chair position an updated executive role for Smith, who currently leads a team of over 1,500 staff in 54 countries, according to his biography on Microsoft's website.
