Microsoft announces stock buyback program

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Shares of Microsoft were up after it announced at market close yesterday that it would tee off a $40 billion stock buyback program. The largest U.S. company by market cap also announced it would increase its dividend by 11%, compared to the previous quarter's. Rewarding shareholders has been yet another catalyst for Microsoft stock, which has outperformed the overall market in rising over 36% year-to-date.

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