Microsoft Rises on $40 Billion Buyback, Dividend Boost

Daniel Fowler
September 22, 2019

Microsoft's stock price rose 2.8% to an intraday record high on Thursday after the company announced an 11% increase to its dividend and a $40 billion share buyback program.

The Microsoft stock has gone up fourfold, and at the same time, it has managed to breach the threshold of a market cap of $1 trillion.

The repurchase authorization has no expiration date, and may be terminated at any time, Redmond, Washington-based Microsoft said Wednesday in a statement.

The new profit of 51 pennies an offer is payable December 12, to investors of record as of November 21. The ex-dividend date will be 20 November 2019. Indeed, back in 2016 the company started another $40 billion buyback program.

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Microsoft returned $7.7bn to shareholders through share buybacks and dividends in its fourth quarter that ended in June, according to a filing with securities regulators.

On Thursday, MSFT shares pushed up by 1.58% at $140.71 after hitting an all-time high of $142.37 earlier in the session.

Also, the board of directors confirmed it will hold its latest shareholders meeting on December 4.

For its entire fiscal year 2019, Microsoft reported revenue of $125.8 billion which increased 14 per cent and $39.2 billion net income - setting a new record fiscal year for the company.

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