Microsoft Hikes Dividend, Announces $60 Billion Stock Buyback
Microsoft's share repurchase program, which has no expiration date, replaces its previous $60 billion authorization announced four years ago. Meanwhile, investors also cheered the news that shareholders of record as of Nov. 21 will receive a quarterly dividend of 83 cents per share, up from the current 75 cents a share.
Numerous growth drivers and strong tailwinds should combine to drive this artificial intelligence (AI) pioneer higher.
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Although Microsoft stock has started to move upwards again, and Wall Street analysts have retained their optimism.
Microsoft and Amazon are in fierce competition, navigating stock signals and making strides in AI. Microsoft is a shareholder ...
Microsoft stock is up 2% after the software group hiked its dividend and said it [would launch a new $60 billion buyback program]( ...
Stocks were choppy in the lead-up to today's Federal Reserve policy announcement. While the main indexes made a confident ...
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