Business News Today: Microsoft to Buy Back Up to $40 Billion in Stock

Start Trading Now or Try a FREE Demo Account.

Microsoft Corp. said it plans to buy back as much as $40 billion in stock and raise its dividend 11%, maintaining its record of sharing its flood of cash with shareholders.

This is the third time the software giant has authorized a buyback plan of that size. The board previously authorized such repurchases in 2013 and again in 2016.

Microsoft said there is no expiration date for the latest share-repurchase program. The company also said it could cut the program short.


Microsoft, now the largest publicly traded company, has posted strong earnings growth from a bet on cloud-computing that helped it beat Wall Street estimates in the fiscal fourth quarter, which ended June 30. Sales rose 12% and profit soared 49% from a year earlier.

11 Realistic Ways To Make Money Online Today {2019}

The Redmond, Wash., company made the repurchase announcement Wednesday as it was on pace to reach the end of its 2016 share-buyback program within a few months. The company had $11.4 billion of that program remaining as of June 30, according to filings. Microsoft bought about $4.6 billion of its own stock in the April-through-June quarter. The buyback represents about 3.8% of Microsoft’s more than $1 trillion market value.

From the fiscal years between 2017 and 2019, the company repurchased a combined 419 million shares for roughly $35.7 billion, the company said. Shares rose 1.2% to $138.67 in after-hours trading. The company’s shares have risen 36% year to date.

• Personal Loans Online Fast Approval •

Microsoft also raised its quarterly dividend by 5 cents to 51 cents a share, or 11% above the prior quarter’s payout and a slightly higher dividend increase than the company announced a year ago. The dividend will be payable Dec. 12 to shareholders of record Nov. 21.


Microsoft’s cash from operations was $52.2 billion for the fiscal year ended June 30. The company in July said its growth momentum was continuing. Chief Financial Officer Amy Hood told analysts that the current fiscal year should again include a double-digit sales gain in the cloud-computing business, where Microsoft is the No. 2 competitor behind Inc.


Support SMN.Today

… If You're Able To, Please Support SMN.Today From As Little As $5. Thank You …








16 thoughts on “Business News Today: Microsoft to Buy Back Up to $40 Billion in Stock

  1. Pingback: Stock Maket News: Economy hopes Support Shares … Oil Edges Up on Mideast Tensions – Stock Market News Today

  2. Pingback: Stock Market News: Airbnb Says It Plans to Go Public in 2020 – Stock Market News Today

  3. Pingback: Business News Today USA: Walmart to Stop Selling All E-Cigarettes – Stock Market News Today

  4. Pingback: Page not found – Stock Market News Today

  5. Pingback: Financial Markets News: Top 5 Things to Watch This Week – Stock Market News Today

  6. Pingback: Stock Market News: British Travel Group Thomas Cook Declared Bankruptcy – Stock Market News Today

  7. Pingback: Philip Morris & Altria End Merger Talks – Stock Market News Today

  8. Pingback: Conagra Brands Beats Profit Expectations – Stock Market News Today

  9. Pingback: Tokyo Inflation Slows To 16-Month Low – Stock Market News Today

  10. Pingback: Global Stocks Lifted by Hopes of More Easy Money – Stock Market News Today

  11. Pingback: 29% of Americans are Considered {Lower Class} – Stock Market News Today

  12. Pingback: The Number of U.S. Stocks Hitting Fresh 52-Week Highs Has Fallen Since June – Stock Market News Today

  13. Pingback: Johnson & Johnson Agrees to Settle Ohio Opioid Lawsuits – Stock Market News Today

  14. Pingback: Dow Drops 300 Points … Fears of a Recession Continue – Stock Market News Today

  15. Pingback: U.S. to Impose New Tariffs on EU Goods – Stock Market News Today

  16. Pingback: The Federal Reserve Should Reduce Interest Rates to Stem an Economic Downturn – Stock Market News Today

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.