Microsoft stock rose 1% in premarket trading

Tiger Newspress2021-09-15

Microsoft stock rose 1% in premarket trading on boosting dividend 11% and setting new $60 billion buyback.

Microsoft Corporation said in a statement Tuesday it plans to buy back $60 billion worth of shares.

The company’s share repurchase program has no expiration date and can be terminated at any time, as per the statement.

The Redmond, Washington-based tech giant also declared a quarterly dividend of $0.62 per share, an increase of 6 cents, or 11%,over the previous quarter.

The dividend will be payable on Dec. 9 to shareholders of record on Nov. 18 with the ex-dividend date set as Nov. 17.

Additionally, Microsoft’s board of directors approved the appointment of Brad Smit has president and vice chair.

Microsoft’s dividend announcement isin line with the estimateof Morgan Stanley analyst Keith Wiess,who said the company could increase its dividend per share from 56 cents to 62 cents.

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Comments

  • SanWangtikup
    2021-09-15
    SanWangtikup
    Tell me your opinion about this news...
    • MIe: 
      Microsoft steady long-term#
  • JoelLee
    2021-09-15
    JoelLee
    Wow weeeee
  • S17
    2021-09-15
    S17
    Great!
  • koolgal
    2021-09-15
    koolgal
    Microsoft investors are celebrating!  Higher dividends is music to their ears! Are you in? 
  • RomeoT
    2021-09-15
    RomeoT
    Good
  • dw321
    2021-09-15
    dw321
    Why
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