Microsoft approves new $60 billion share buyback program
- Posted on September 17, 2024
- By Business News Today
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Microsoft approves new $60 billion share buyback program
Microsoft's board has approved a $60 billion share buyback program and declared a quarterly dividend of $0.83 per share, an increase of 10%. The company will hold its annual shareholders meeting on Dec. 10. Microsoft is increasing its spending on AI infrastructure, with capital spending rising by 77.6% in the last quarter.