Microsoft Stock Jumps On Dividend Boost, $60 Billion Share Buyback Plans

Microsoft Stock Jumps On Dividend Boost, $60 Billion Share Buyback Plans

Microsoft Stock Jumps On Dividend Boost, $60 Billion Share Buyback Plans Microsoft (MSFT) - Get Microsoft Corporation (MSFT) Report shares moved higher Wednesday after the world's second-largest tech company unveiled plans to boost its quarterly dividend and buyback additional shares. Microsoft said it will pay a 62 cents per share dividend from its fourth quarter earnings, an 11% increase rom its previous level, payable to shareholders of record on November 18 and announced plans for a perpetual $60 billion buyback program. The Redmond, Washington-based tech giant also named Brad Smith, its chief legal counsel, to the position of vice chairman, making his the second-highest ranked employee behind chairman and CEO Satya Nadella. "This reflects the unique leadership role that Brad plays for the company, our board of directors and me, …
More on: www.thestreet.com