• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Microsoft Plans New $60 Billion Buyback, Raises Dividend 10%

1 year ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
59
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Microsoft Plans New $60 Billion Buyback, Raises Dividend 10%

 Microsoft Corp. raised its quarterly dividend 10% and unveiled a new $60 billion stock-buyback program, matching the size of a repurchase plan three years ago.

The software company said shareholders as of Nov. 21 will receive a quarterly dividend of 83 cents a share, compared with the current 75 cents. The share repurchase agreement, which has no expiration date, replaces a buyback program announced in 2021 that was also $60 billion.

While the figures are sizable in absolute terms, the buyback agreement represents less than 2% of Microsoft’s market value. The Redmond, Washington-based company’s shares have gained 31% in the past 12 months, taking its market value to $3.2 trillion as of Monday’s close.

Microsoft spreads its share purchases over several years, and they totaled about $17 billion in the fiscal year ending in June, according to data compiled by Bloomberg.

The shares rose about 1.3% in premarket trading on Tuesday, before New York exchanges opened, after closing at $431.34.

Microsoft’s stock has been pushed to new historical highs in the last several months as investors bet on gains from its push into artificial intelligence.

RelatedPosts

Tullow Oil Exits Kenya With $120m Sale to Auron Energy

GSE Market Cap Hits New Record High of GHS 160bn as Indices Extend Gains

Cyber Security Authority Warns High School Graduates Over Indecent Social Media Posts

The software maker has infused its product line with technology from its partner OpenAI and has touted the tools’ abilities to augment business applications, such as Teams, Word and Outlook. Microsoft earlier Monday released a new range of AI tools.

Microsoft had $75.5 billion in cash and equivalents as of June 30, according to data compiled by Bloomberg. Free cash flow in the fiscal fourth quarter was $23.3 billion, the company said in July, “up 18% year-over-year reflecting higher capital expenditures to support our cloud and AI offerings.”

Source: bloomberg
Via: norvanreports
Tags: MicrosoftMicrosoft Plans New $60 Billion BuybackRaises Dividend 10%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

From Glory With One Race Win to Triumphing by a Single Point – The Most Dramatic Drivers’ Title Comebacks in F1 History

Board Chair of Energy Commission Concerned About Low Participation of Females in Electrical Wiring

CAF Champions League: Second-Leg Primer as Early Pacesetters Look to Finish the Job

Premier League: Red-Hot Liverpool Face Palace Test as Arsenal Try to Keep Pace

President Mahama Touts Ghana’s Economic Rebound at General Assembly

President Mahama Calls for UN Security Council Reform, Reset of Global Financial System at 80th UNGA

Trending

Business

Tullow Oil Exits Kenya With $120m Sale to Auron Energy

September 26, 2025

Tullow Oil Exits Kenya With $120m Sale to Auron Energy Tullow Oil plc has completed the sale...

GSE Market Cap Hits New Record High of GHS 160bn as Indices Extend Gains

September 26, 2025

Cyber Security Authority Warns High School Graduates Over Indecent Social Media Posts

September 26, 2025

From Glory With One Race Win to Triumphing by a Single Point – The Most Dramatic Drivers’ Title Comebacks in F1 History

September 26, 2025

Board Chair of Energy Commission Concerned About Low Participation of Females in Electrical Wiring

September 26, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.