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Microsoft launches $40 billion buyback program, raises dividend

Microsoft launches $40 billion buyback program, raises dividend.

By: | Us | Published: September 21, 2016 2:38 AM
Microsoft launches  billion buyback program, raises dividend. (Reuters) Microsoft launches billion buyback program, raises dividend. (Reuters)

Microsoft Corp said on Tuesday it would buy back up to $40 billion as a part of a new share repurchase program and raised its dividend by 8 percent.

The company raised its dividend to 39 cents per share, up 3 cents from the previous quarter. Microsoft’s shares were up 1 percent at $57.41 in extended trading on Tuesday.

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