© Reuters. FILE PHOTO: A Microsoft logo is seen in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson/File Photo
(Reuters) -Microsoft Corp said on Tuesday its board had authorized a new share buyback program of up to $60 billion, while also raising the quarterly dividend by 11%.
The new dividend of $0.62 per share is an increase of 6 cents over the previous quarter’s dividend.
Microsoft (NASDAQ:) said the share buyback program, which has no expiration date, may be terminated at any time.
The company’s board also approved the appointment of Brad Smith as president and vice chair of Microsoft.
While Smith already serves as the president of company, Microsoft said that vice chair was an updated executive role for him.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Credit: Source link