How Microsoft’s dividend hike and new $60 billion buyback program stack up
Only three U.S. companies have ever announced buyback programs bigger than Microsoft’s latest — though the new dividend yield is still low relative to those of fellow Dow components
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Microsoft Corp. is making a series of shareholder-friendly moves as it ups its dividend and boosts its stock-buyback program.
The technology giant announced Monday afternoon that it will increase its quarterly dividend by 8 cents, or 10%, such that the new payout will be 83 cents a share. That will be payable Dec. 12 to Microsoft MSFT shareholders of record as of Nov. 21, which is also the ex-dividend date.