Baxia Markets
September 15, 2021

Microsoft to buy back shares

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Microsoft Corp said on Tuesday its board had authorized a new share buyback program of up to $60 billion while also raising the quarterly dividend by 11%.

The new dividend of $0.62 per share is an increase of 6 cents over the previous quarter's dividend. Microsoft said the share buyback program, which has no expiration date, may be terminated at any time.


Microsoft Sept 14th 2021

The company's board also approved the appointment of Brad Smith as president and vice-chair of Microsoft. While Smith already serves as the company president, Microsoft said that vice-chair was an updated executive role for him.


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