Microsoft to buy back up to $60 billion in shares; names Brad Smith vice chair
The Hindu
Microsoft said the buyback programme has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share - 6 cents over the previous quarter.
Microsoft Corp on Tuesday said it will conduct an up to $60 billion share buyback programme, raise its quarterly dividend by 11%, and appoint company President Brad Smith as vice chair.
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Microsoft said the buyback programme has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share - 6 cents over the previous quarter.
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