Microsoft board of directors approved a quarterly dividend of $0.39 per share and a new share repurchase program authorizing up to $40 billion.
Microsoft announced a quarterly dividend of $0.39 per share, reflecting a 3 cent or 8 percent increase over the previous quarter’s dividend. The dividend will be payable to shareholders December 8, 2016. The ex-dividend date will be November 15, 2016.
The board of directors also approved a new share repurchase program authorizing up to $40 billion in share repurchases, with no expiration date and can be terminated at any time. The company reaffirmed that it is on track to complete its current $40 billion stock repurchase program by December 31, 2016.