Microsoft Increases Dividend and Launches Major Buyback Program
Microsoft Expands Shareholder Value with Dividend and Buyback
Microsoft Corp., a leader in technology solutions, has announced its board of directors has approved a significant increase in its quarterly dividend. The new dividend rate has been set at $0.83 per share, marking an increase of 10% from the previous quarter. This decision reflects the company’s robust financial health and its dedication to returning value to its shareholders.
Details of the New Dividend
Dividend Payment Structure
The approved quarterly dividend is scheduled to be payable shortly. Shareholders of record will see this payment, reinforcing Microsoft’s commitment to provide consistent returns.
Recorded Dates for Shareholders
To ensure transparency, the ex-dividend date has been set, and shareholders must be aware of the record date to take advantage of this increased benefit.
New Share Repurchase Program Introduced
In conjunction with the dividend increase, Microsoft has also authorized a new share repurchase program designed to buy back up to $60 billion in shares. This program does not have a fixed expiration date, providing the flexibility to adapt based on market conditions. By implementing this strategy, Microsoft is working to enhance its per-share value, benefiting its stakeholders in the long run.
2024 Annual Shareholders Meeting Scheduled
Virtual Meeting to Empower Shareholders
The company is gearing up for its 2024 Annual Shareholders Meeting, allowing all shareholders to participate virtually. Those registered by a defined date will have voting rights, ensuring everyone can contribute to future corporate decisions. This meeting will feature key executives, including the CEO and other senior leaders, reinforcing the company's transparency and open communication with investors.
Leadership Involved in the Meeting
The virtual meeting will be hosted by Microsoft’s key figures, including Satya Nadella, Amy Hood, Brad Smith, and Sandra E. Peterson. Their involvement signifies the company’s focus on engaging with shareholders to discuss the company's health and strategies moving forward.
Microsoft's Commitment to Innovation
Microsoft (NASDAQ: MSFT) is dedicated to creating value through AI-powered platforms and tools. The company aims to make AI broadly accessible while ensuring responsible use. With a mission to empower individuals and organizations globally, Microsoft continues to push boundaries, crafting innovative solutions that meet the changing demands of its diverse customer base.
Frequently Asked Questions
What is the new quarterly dividend amount for Microsoft?
The new quarterly dividend amount is set at $0.83 per share, representing a 10% increase.
When will the new dividend be paid?
The dividend is scheduled to be payable shortly, following the appropriate record date.
What is the purpose of the new share repurchase program?
The program aims to buy back up to $60 billion in shares to enhance shareholder value and support stock price stability.
Who will host the 2024 Annual Shareholders Meeting?
The meeting will be hosted by key executives including CEO Satya Nadella and CFO Amy Hood.
What is Microsoft’s mission regarding AI?
Microsoft's mission is to empower every person and organization on the planet through accessible and responsible AI solutions.
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