Microsoft To Buy Back Up To $40 Billion Of Shares, Raises Dividend

Microsoft Corp (MSFT.O) said it would buy back up to $40 billion of its shares and raise its quarterly dividend by 22 percent.

The new share repurchase program, which has no expiration date, replaces a $40 billion buyback program that was set to expire on September 30.

The company will pay a quarterly dividend of 28 cents per share, payable on December 12 to shareholders of record on November 21.

REUTERS