Microsoft Plans $40 Billion Stock Buyback and Raises Dividend

September 20, 2016 9:24 PM

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Microsoft Plans $40 Billion Stock Buyback and Raises Dividend

Tech giant’s quarterly payout to 36 cents from 31 cents represents an increased dividend yield to 2.7%

Microsoft Corp. MSFT -0.21 % announced plans to buy back up to $40 billion in stock and boost its dividend to 39 cents from 36 cents.

Also read: Microsoft Closes Acquisition of LinkedIn

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