Microsoft Corp on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase programme.
The company raised its dividend to 39 cents per share, up 3 cents from the previous quarter.
The technology giant last raised its dividend in September last year.
The new buyback programme has no expiration date and may be terminated at any time, the company said on Tuesday.
The company also said it was on track to complete its current $40 billion stock repurchase programme by Dec. 31.
Microsoft`s shares were up 1 percent at $57.41 in extended trading on Tuesday.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
