logo
Plus   Neg
Share
Email

Microsoft Boosts Dividend By 11%, Approves $40 Bln Buyback

Tech giant Microsoft Corp. (MSFT) Wednesday announced that its board of directors declared a quarterly dividend and also approved $40 billion in share buyback.

The board of directors approved a new share repurchase program authorizing up to $40 billion in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time.

The company also declared a dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable December 12, 2019, to shareholders of record on November 21, 2019.

In addition, the company announced the date for the 2019 Annual Shareholders Meeting, to be held on December 4, 2019. Shareholders at the close of business on October 8, 2019, the record date, will be entitled to vote their shares.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A new study showed that foot traffic at Starbucks stores declined after the coffee giant changed to an 'open bathroom' policy. According to the study, store attendance per month at Starbuck stores declined 6.8 percent, relative to nearby restaurants and cafes, after the company made changes to its bathroom policy. In May 2018, Starbucks announced a new bathroom policy. The U.S. Food and Drug Administration approved the first contact lens developed for slowing the progression of myopia or nearsightedness in children between the ages 8 and 12 years at the initiation of treatment. This could also help in ultimately reducing risk of developing other eye problems. The regulator granted approval for CooperVision Inc.'s MiSight contact lens. Amazon plans to more than double its corporate workforce in Las Vegas by creating 125 additional jobs in the city. The e-commerce giant recently opened a new 30,000 square foot office in Town Square in downtown Las Vegas and plans to expand its corporate workforce in the area to support its Human Resources division. Amazon also said it will donate $100,000 to two food bank partners.
Follow RTT
>