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The company said it plans to buy back shares worth up to $ 40 billion. In addition, the quarterly dividend should rise by 1
This is the third time that the Board of Directors has approved a repurchase program of this size. Such measures already existed in 2013 and 2016.
According to Microsoft, the latest stock repurchase program has no fixed expiration date. It is also possible to skip the program.
Microsoft, now the world's most valuable publicly traded company, has recently had strong profit growth thanks to its cloud operations and exceeded analysts' expectations.
The current repurchase program will be completed within a few months, and on June 30, $ 11.4 billion was still open. During the second quarter of 2019, shares in volume of $ 4.6 billion were repurchased. Microsoft is valued at over $ 1 trillion by the river.
Microsoft shares are currently 1.92 percent higher at $ 141.18 on Thursday.
NEW YORK (Dow Jones)
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