From Investor’s Business Daily: 2024-09-17 05:05:27

Microsoft announced a $60 billion stock buyback program and increased its quarterly dividend by 10%. This marks the 20th consecutive year of dividend increases for the tech giant. The news caused MSFT stock to rise 1.6% in premarket trading, with shares currently at 431.34. The buyback program accounts for less than 1.9% of Microsoft’s total market valuation of $3.206 trillion. Investors can also consider Microsoft as an IBD Long-Term Leader.



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