Microsoft launches $40 billion buyback program, raises dividend

By: | Published: September 21, 2016 2:38 AM

Microsoft launches $40 billion buyback program, raises dividend.

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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