Microsoft Announces $60 Billion Share Buyback Program – Hikes Dividends For 12th Year Straight

Microsoft, the world’s largest software manufacturer, made two major announcements that made its shareholders really happy.

The tech company increased its quarterly dividend rate to 11%, from 56 cents per share to 62 cents. The company has also announced a $60 billion stock buyback program.

Microsoft has increased dividends for the 12th year straight. The news dividend rate would give the company a dividend yield of 0.8%.

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Dividends and share buybacks will likely come from the company’s enormous cash positions. Microsoft has over $130 billion in cash on hand.

Microsoft is well past its early aggressive growth phase. As the company is maturing, it is likely to start giving an ever-greater share of cash to the shareholders. That’s something shareholders can appreciate. The shares traded up 1.68% on Wednesday.

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