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Microsoft hikes dividend, launches $40B buyback

Sep. 18, 2019 4:12 PM ETMicrosoft Corporation (MSFT) StockMSFTBy: Brandy Betz, SA News Editor138 Comments
  • Microsoft's (NASDAQ:MSFT) board approves the buyback plan, which represents about 4% of the company's current market value.
  • The board also increased the quarterly dividend by 11% to $0.51 per share. The dividend is payable December 12 to shareholders of record on November 21.
  • The company's 2019 Annual Shareholders Meeting will take place on December 4 with a webcast available here.
  • Microsoft shares are up 1% after hours to $139.89.

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