Microsoft's $60B buyback plan and Intel's foundry spin-off boost E-mini Nasdaq-100 futures, signaling positive momentum in the tech sector.
The software giant increased quarterly dividend by 10% to 83 cents a share.
Microsoft Corp (NASDAQ:MSFT) has unleashed an unexpected $60 billion new share buyback and hiked its quarterly dividend 10% from the first quarter. The tech titan made the announcement late on Monday, saying the dividend of $0.83 per share would be paid on 12 December, two days after its annual shareholder meeting.
Microsoft looks like a strong candidate for its 10th stock split. Its innovations like Copilot and investment in ChatGPT are huge.
Microsoft (MSFT) said Monday its board of directors approved a $60 billion stock buyback program and a 10% boost to its quarterly dividend.
Microsoft late Monday announced a $60 billion buyback and a 10% quarterly dividend hike. MSFT stock rose a fraction overnight.
The latest trading day saw Microsoft (MSFT) settling at $431.34, representing a +0.17% change from its previous close.
Only three U.S. companies have ever announced buyback programs bigger than Microsoft's latest — though the new dividend yield is still low relative to those of fellow Dow components.
Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion.
Oracle turned into an unlikely growth stock over the past five years. Its cloud-based software and infrastructure services are driving its growth.
Microsoft, Snowflake, Palo Alto Networks, and MongoDB stock are all rated at Buy by Truist analyst Joel Fishbein.
NEW YORK, NY / ACCESSWIRE / September 16, 2024 / Levi & Korsinsky, LLP is investigating potential claims on behalf of individuals who purchased video games through the Microsoft/Xbox website. Reports suggest that legally protected data may have been intercepted during transactions, particularly for customers who purchased video games featuring cut scenes or cinematics.