REDMOND, Wash., Sept. 20, 2016 /PRNewswire/ -- Microsoft
Corp. today announced that its board of directors declared a
quarterly dividend of $0.39 per
share, reflecting a 3 cent or 8
percent increase over the previous quarter's dividend. The
dividend is payable December 8, 2016
to shareholders of record on November 17,
2016. The ex-dividend date will be November 15, 2016.
The board of directors also approved a new share repurchase
program authorizing up to $40 billion
in share repurchases. The new share repurchase program, which has
no expiration date, may be terminated at any time. The company
reaffirmed that it is on track to complete its current $40 billion stock repurchase program by
December 31, 2016.
In addition, the company announced the date for the 2016 Annual
Shareholders Meeting, to be held on November
30, 2016. Shareholders at the close of business on
September 30, 2016, the record date,
will be entitled to vote at the Annual Shareholders Meeting.
Microsoft (Nasdaq "MSFT" @microsoft) is the leading platform and
productivity company for the mobile-first, cloud-first world and
its mission is to empower every person and every organization on
the planet to achieve more.
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SOURCE Microsoft Corp.