Microsoft Announces $40 Billion Share Repurchase

Sep 23, 2008

Microsoft Corp. announced that its board of directors approved a new share repurchase program authorizing up to an additional $40 billion in share repurchases with an expiration of September 30, 2013. The board of directors also declared a quarterly dividend of $0.13 per share, reflecting a two cent or 18 percent increase over the previous quarter’s dividend. The dividend is payable December 11, 2008 to shareholders of record on November 20, 2008. In addition, the company stated that it has completed its previous $40 billion stock repurchase program.