The company is not the first time launches the buy back
The Board of Directors of Microsoft company approved a program to repurchase its own shares in the amount of $40 billion and increased quarterly dividend, according to Reuters.Buyback program, which has no expiration date, can be terminated at any time. The company’s shares rose 1.3% to $140,35 on the secondary market. Microsoft also announced a quarterly dividend of 51 cents per share, which is 11% higher than in the previous quarter.
In the fourth quarter of 2019 fiscal year, the company returned to shareholders $7.7 billion through share repurchases and dividends. The annual meeting of shareholders, the company plans to hold on 4 December.
Recall that Microsoft is the largest company in the world by market capitalization. Its rating is close to a trillion dollars. In 2019 the shares of tekhgigant increased by 36%.
The previous buyback program the company’s Board of Directors approved in September 2016. The amount was similar to the current $40 billion.
- How many billions of dollars Microsoft plans to invest in the development of artificial intelligence, you can read here.
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