Microsoft Replaces $40 Billion Share Buyback Program, Offers Dividend Increase
September 17, 2013 11:26 AM
comment(s) - last by
Microsoft is upping the quarterly dividend from $0.23 to $0.28
Microsoft is investing its cash into its own stock through a new share buyback program, and has also announced a dividend increase.
Microsoft introduced a new $40 billion buyback program, which is replacing the previous program that expires September 2013. While the previous and new buyback programs are both set at $40 billion, the new one doesn't have an expiration date.
This looks great for Microsoft because it shows that it wants to invest its own cash into its own stock.
In addition to the buyback program, Microsoft is upping the quarterly dividend from $0.23 to $0.28, which is a 22 percent increase over that of the previous quarter. According to Microsoft, the dividend is payable December 12, 2013 to shareholders "of record" on November 21, 2013.
“These actions reflect a continued commitment to returning cash to our shareholders,” said Amy Hood, chief financial officer of Microsoft.
Microsoft has been particularly busy this year trying to turn things around after a failed Surface launch, a lack of enthusiasm for Windows Phone and complaints about Windows 8. The company is currently undergoing a restructuring process, where CEO Steve Ballmer will be out within the next year and devices like Windows Phone, PC and Xbox One will become more unified for a more fluid user experience.
Microsoft is attempting to stay competitive with new efforts like
buying Nokia's devices and services unit
for $7.2 billion and holding a
new Surface 2.0 event September 23
-- which will hopefully muster up more enthusiasm than the previous generation.
This article is over a month old, voting and posting comments is disabled
We will see.....
9/17/2013 3:41:05 PM
I'm not so sure, WOOdmann.
I hear the new MS Surface is going to come in different colors, and have a fingerprint reader !!!
"Nowadays you can buy a CPU cheaper than the CPU fan." -- Unnamed AMD executive
Microsoft Holding Surface 2.0 Event September 23
September 10, 2013, 12:02 PM
Microsoft Purchases Nokia's Devices and Services Division for $7.2B
September 3, 2013, 12:00 AM
Quick Note: New "Windows" Branding for Microsoft's Smartphones is Leaked
September 15, 2014, 2:00 PM
Sony Abandons Android Upgrade Support for Year Old Xperia and 3 Others
September 15, 2014, 11:07 AM
Apple Racked Up 4 Million iPhone 6, iPhone 6 Plus Pre-orders Within 24 Hours
September 15, 2014, 9:54 AM
Despite Massive Failure of Apple Store Website, "Record Number" of iPhone 6 Pre-orders Received
September 12, 2014, 1:19 PM
Quick Note: Motorola Set to Release Unlocked, “Pure Edition” of Second Gen Moto X
September 12, 2014, 12:37 PM
Grand Theft Auto V for Xbox One, PS4 Launches Nov 18; PC Version Lands Jan 27
September 12, 2014, 9:04 AM
Most Popular Articles
Apple Announces 4.7" iPhone 6, 5.5" iPhone 6 Plus
September 9, 2014, 1:45 PM
Apple Announces Its Smartwatch: The $349 Apple Watch
September 9, 2014, 2:09 PM
Appalling Negligence: Decade-Old Windows XPe Holes Led to Home Depot Hack
September 8, 2014, 8:58 PM
T-Mobile Launches Un-carrier 7.0, Beefs Up Wi-Fi Calling
September 11, 2014, 2:56 PM
HTC Preps Nexus 9 With Nvidia K1 64-Bit "Denver" SoC, Android L Onboard
September 10, 2014, 10:21 PM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information