By Kimberly Chin
Microsoft Corp. on Tuesday said its board raised its quarterly dividend and approved a new stock buyback program.
The company's new dividend is 62 cents a share, an 11% increase from the previous quarter's dividend. The dividend is payable on Dec. 9 to shareholders of record as of Nov. 18. The ex-dividend date will be Nov. 17, the company said.
Microsoft's board also greenlit a new stock buyback plan of up to $60 billion.
The company plans to hold its annual shareholder meeting on Nov. 30.
Write to Kimberly Chin at firstname.lastname@example.org
(END) Dow Jones Newswires
September 14, 2021 19:07 ET (23:07 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.