Microsoft, the tech giant, has announced plans to repurchase up to $60 billion of its common stock over the next two years. This significant buyback program comes alongside a 10% increase in the company’s quarterly dividend.
The $60 billion buyback represents a substantial commitment from Microsoft to return value to shareholders. By repurchasing its own stock, the company can reduce the number of shares outstanding, which can lead to higher earnings per share and potentially boost the stock price.
In addition to the buyback, Microsoft has also increased its quarterly dividend by 10%. This means that shareholders will receive a larger payout for each share they own. The dividend increase reflects the company’s strong financial performance and its commitment to rewarding shareholders.
Microsoft’s announcement comes as the company continues to demonstrate strong growth and profitability. The tech giant has benefited from the increasing demand for its cloud computing services, productivity tools, and gaming platforms.
The $60 billion buyback and dividend increase are expected to further enhance Microsoft’s shareholder value and solidify its position as a leading technology company.