Microsoft to buy back up to $60 billion in shares; names Brad Smith vice chair

2021-09-15 12:15:29

Bengaluru: Microsoft Corp. on Tuesday said it will conduct an up to $60 billion share buyback programme, raise its quarterly dividend by 11%, and appoint company President Brad Smith as vice chair.

Microsoft said the buyback programme has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share – 6 cents over the previous quarter.

The US technology giant also called the vice chair position an updated

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Microsoft unveils share buyback of up to $60 billion

The repurchase authorization has no expiration date, and may be terminated at any time.

Bloomberg |

PUBLISHED ON SEP 15, 2021 05:08 AM IST

Microsoft Corp., the world’s largest software maker, appointed President and Chief Legal Officer Brad Smith as vice chair and unveiled a new stock-repurchase program of as much as $60 billion.

Smith, who joined Microsoft in 1993, will continue to report to Chief Executive Officer Satya Nadella, the Redmond, Washington-based company said Tuesday in a statement. Microsoft

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