Microsoft boosts dividend and reveals a buyback plan
Microsoft announced an 11% increase to its dividend and a $40 billion share-buyback program. This is the third time Microsoft has pursued a buyback plan worth $40 billion.
The giant’s stock jumped to an all-time high on the news
Stocks impacted: Microsoft (MSFT)
The company did the same in 2013 and 2016. From 2017 to 2019, the company repurchased a total of 419 million shares worth about $35.7 billion. According to the company, the share-repurchase plan has no expiration date and could be ended at any time. At Microsoft’s closing price of $138.52, the dividend yield would be 1.47%. The company’s stock, which od up nearly 40% this year, rose to a new all-time high on the announcement, gaining almost 2% on the day.
Make profit on it right now!