Microsoft Approves New $60 Billion Share Buyback Program

Board Also Declares Quarterly Dividend of $0.68 Per Share

Deal Expected to Boost Shareholder Value

Microsoft Corp. has announced a new \$60 billion share buyback program, a move that is expected to boost shareholder value. The company's board of directors also declared a quarterly dividend of \$0.68 per share, payable on June 8 to shareholders of record as of May 8.

The new share buyback program is in addition to the \$40 billion program that Microsoft announced in 2019. The company has repurchased \$37 billion worth of shares under that program, which expires in December.

Share buybacks are a popular way for companies to return cash to shareholders. When a company buys back its own shares, it reduces the number of shares outstanding, which can boost earnings per share and the company's stock price.

Microsoft's share buyback program is likely to be well-received by investors. The company's stock has been on a tear in recent years, and investors are likely to see the buyback as a sign of confidence from management.

In addition to the share buyback program, Microsoft's board of directors also declared a quarterly dividend of \$0.68 per share. This is a 10% increase from the previous quarterly dividend of \$0.62 per share.

The dividend increase is a sign that Microsoft is confident in its future prospects. The company has been growing rapidly in recent years, and it is expected to continue to grow in the years to come.

Microsoft's share buyback program and dividend increase are both positive news for investors. The buyback program is likely to boost shareholder value, and the dividend increase is a sign that the company is confident in its future prospects.