By Josh Beckerman

Microsoft Corp. (MSFT) has authorized a stock buyback of up to $40 billion. The repurchase program has no expiration date.

The company also increased its dividend to 51 cents from 46 cents.

Shares were recently up 65 cents after hours to $139.17.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

September 18, 2019 16:25 ET (20:25 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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