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Microsoft Hikes Dividend and Unveils $60 Billion Stock Buyback Program

·1 min read
Microsoft Hikes Dividend and Unveils $60 Billion Stock Buyback Program
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Microsoft raised its quarterly dividend rate by 11%, to 62 cents from 56 cents. The company also announced a new $60 billion stock repurchase program, with no specific expiration date. Expanding its program for returning capital to shareholders, Microsoft late Tuesday said its board voted to both boost its quarterly dividend and adopt a new share repurchase program.