Home > Latest News > Microsoft Announces $60 Billion Share Buyback

Microsoft Announces $60 Billion Share Buyback

Microsoft has announced plans to buy back up to $60 billion of its stock, following on from a $40 billion buyback program that launched in 2019.

The company has been bullish with its buyback schemes of late, spending $23 billion on repurchasing shares during the 2020 financial year. This comes as Democrats proposed a 2 per cent excise tax on stock buybacks by publicly-listed companies in the Senate last week.

Microsoft also raised its quarterly dividend to 62 cents a share from 56 cents a share, payable December 9, and set its annual shareholders meeting for November 30.

 

You may also like
Xbox Fridge Sells Out Straight Outta The Box!
Microsoft Ordered Gates To Stop Inappropriate Emails In 2008
Apple Dumps Intel For New MacBook Pro Range
Xbox Series X Mini Fridge Coolest Thing We’ve Seen Today
Microsoft Reduces Its Windows 11 Update By 40 Per Cent