Microsoft announced that its board of directors declared a quarterly dividend of 83c per share, reflecting an 8c or 10% increase over the previous quarter’s dividend. The dividend is payable Dec. 12, 2024, to shareholders of record on Nov. 21, 2024. The ex-dividend date will be Nov. 21, 2024. The board of directors also approved a new share repurchase program authorizing up to $60B in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Microsoft announces quarterly dividend increase and new share repurchase program
- AMZN, GOOGL, or MSFT: Which Cloud Computing Giant Is the Best Pick?
- Blizzard’s ‘Diablo 4’ has earned $150M from in-game transactions, Eurogamer says
- Microsoft’s Tech Bets Are Setting the Stage for a Stellar 2025
- WEC Energy price target raised to $98 from $95 at KeyBanc