TechCrunch » Microsoft: Microsoft Initiates Massive $40 Billion Share Buyback Program

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Microsoft Initiates Massive $40 Billion Share Buyback Program Sep 17th 2013, 13:32, by Romain Dillet Shortly before market opening, Microsoft (NASDAQ:MSFT) announced a new massive buyback program as well as a dividend increase. The new buyback program comes after the expiration of a previous $40 billion program that is set to expire on September 2013. In other words, today’s news is a confirmation of Microsoft’s commitment to invest its cash in its own stock. Quarterly dividend will go up from $0.23 to $0.28, representing a significant 22 percent increase. The share buyback program could boost Microsoft shares as many investors were waiting for an announcement along these lines. Contrarily to the previous program, there is no expiration date. In pre-market trading, the stock is up 1.83 percent to $33.40. (Image credit: Robert Scoble) Developing… Media files: 2264763977_fbeb2e34ba_b romaindillet

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