Microsoft Corporation (NASDAQ:MSFT) announced overnight that it will lift its quarterly dividend and launch a new share buyback program.
The software colossus hiked its dividend 11% to 62 cents, the 12th straight September it has added to its quarterly payout, with hikes of 10% and 11% in the previous two years.
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Based on the last closing share price, the company boasts a dividend yield of 0.8%.
Microsoft also unveiled a new $60bn stock repurchase program, with no specific expiration date.