14 DAY TRIAL // Microsoft has just announced that the company’s board approved a dividend increase of 22 percent, while also confirming a $40 billion (€30 billion) stock buyback very likely to boost its share on the short term.
The company that's still looking for a new CEO revealed in a press release that dividends will grow by 5 cents to 28 cents per share and will be paid on December 12, 2013.
"Microsoft Corp. announced on Tuesday that its board of directors declared a quarterly dividend of $0.28 per share, reflecting a 5 cent or 22 percent increase over the previous quarter’s dividend. The dividend is payable Dec. 12, 2013, to shareholders of record on Nov. 21, 2013. The ex-dividend date will be Nov. 19, 2013," the company said in a press statement.
The share repurchase was set to expire on September 30, 2013, the company revealed, so this new decision is nothing but a living proof that the tech giant is committed to "returning cash to shareholders."