1. Microsoft has announced a 10% increase in its quarterly dividend to $0.83 per share and introduced a new share repurchase program worth up to $60 billion. The dividend will be paid on December 12, 2024, with the ex-dividend date set for November 21. Additionally, the 2024 Annual Shareholders Meeting will take place virtually on December 10, 2024.2.
Microsoft’s Financial Moves: A Closer Look
On September 16, 2024, Microsoft Corp. made headlines with significant financial announcements. The tech giant declared a quarterly dividend increase and initiated a new share repurchase program.
What’s New?
Microsoft’s board of directors has declared a quarterly dividend of $0.83 per share. This marks an 8 cent or 10% increase from the previous quarter. The dividend will be payable on December 12, 2024, to shareholders of record on November 21, 2024. Notably, the ex-dividend date is also November 21, 2024.
Major Updates
In addition to the dividend increase, Microsoft approved a new share repurchase program. This program authorizes up to $60 billion in share buybacks. Importantly, there is no expiration date for this program, allowing flexibility for future financial strategies.
“Microsoft is committed to making AI available broadly and doing so responsibly,” said Satya Nadella, CEO.
What’s Important to Know?
Mark your calendars for the 2024 Annual Shareholders Meeting, scheduled for December 10, 2024. Shareholders as of September 30, 2024, will have voting rights. This year’s meeting will be held virtually, hosted by key executives including Satya Nadella and Amy Hood.
Microsoft continues to focus on innovation. The company aims to deliver platforms and tools powered by AI, meeting the evolving needs of customers. This commitment reflects their mission to empower every person and organization globally.
“Our mission is to empower every person and every organization on the planet to achieve more,” Nadella emphasized.
Conclusion
Microsoft’s recent announcements underscore its financial strength and commitment to shareholders. The increase in dividends and the substantial share repurchase program signal confidence in future growth. As the tech landscape evolves, Microsoft remains a key player, leveraging AI to drive innovation.
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