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 $7.2 billion and holding a
new Surface 2.0 event September 23
-- which will hopefully muster up more enthusiasm than the previous generation.
This article is over a month old, voting and posting comments is disabled
RE: Hardly laudable
9/17/2013 8:40:03 PM
Looks to me like M$ is trying to prop up the stock prices, so select (*cough*Ballmer*cough cough*) can sell his shares, and retire rich.
RE: Hardly laudable
9/17/2013 10:15:04 PM
Ballmer is already a multi-billionaire. I don't think he needs to do this to fund his retirement.
"Folks that want porn can buy an Android phone." -- Steve Jobs
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
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Leak: Apple Preps for First Real Android App Foray With New Apple Music App
October 24, 2015, 1:59 PM
Pepsi Smartphone? Empty Calories Coming Soon to the Midrange
October 12, 2015, 11:41 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information