Microsoft Announces Share Buybacks, Plans to Raise Dividend
Microsoft announced plans to purchase $40 billion worth of its own stock - that's 9% of total shares.
Microsoft (MSFT) - Get Report announced plans to purchase $40 billion worth of its own stock - that's 9% of total shares. The technology giant also plans to raise its dividend to $0.39 a share each quarter - up from $0.36. Shares rose over 1% on the news. TheStreet's Scott Gamm reports from Wall Street.
