Microsoft reveals $40 billion stock buyback program

Advertisement
By Agence France-Presse | Updated: 17 September 2013 19:12 IST
Microsoft announced a new $40 billion share buyback on Tuesday as part of an effort to return more cash to stockholders.

The tech giant, which has seen its stock stagnate in recent years, also said it was increasing its dividend by 22 percent to 28 cents a share.

The new share buyback comes on the heels of another share repurchase plan announced in 2008, which was set to expire in September.

"These actions reflect a continued commitment to returning cash to our shareholders," said Microsoft chief financial officer Amy Hood.

Advertisement

The move comes with Microsoft in transition, having announced the departure of chief executive Steve Ballmer within a year.

Advertisement

(Also see: Microsoft CEO Steve Ballmer to retire within 12 months)

Microsoft, which is trying to refocus the company around "devices and services" after missing the transition to mobile computing, also recently announced it was buying the mobile phone division of Nokia.

Advertisement

The maker of Windows software had been the undisputed leader of the tech sector for years, but recently has been overtaken in market value by Apple and Google.

Microsoft shares jumped 1.8 percent to $33.40 in opening trade on Wall Street.

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Microsoft
Advertisement

Related Stories

Popular Mobile Brands
  1. Vivo Y31 Series With 6,500mAh Battery Launched in India: See Price
  2. Samsung Begins Rolling Out One UI 8 Update to the Galaxy S25 Series
  3. Flipkart Big Billion Days Sale: Discounts on Motorola Phones Announced
  4. iOS 26 Update Brings These New Features to AirPods Pro 3, Pro 2, AirPods 4
  5. Samsung Galaxy S25 FE With 50-Megapixel Camera Launched in India: See Price
  6. Check What's New for Your iPhone in Apple's Latest iOS 26 Update
  7. Vivo V60e 5G Design, Price Leaked; May Use Same Chip as Vivo V50e
  8. iQOO 15 Live Image Leaked; Company Reveals Display Details
  9. Oppo F31 Pro+ 5G Review
  10. GTA 6 Will Be the 'Largest Game Launch in History', Says Rockstar Games
  1. Xiaomi 17 Pro Design Render Gives Us a Good Look at Its Leica-Branded Rear Cameras, Secondary Display
  2. Clair Obscur: Expedition 33 Has Sold 4.4 Million Copies in Less Than Six Months of Launch
  3. Materialists Now Streaming on Netflix: What You Need to Know About Dakota Johnson’s Starrer Movie
  4. The Trial Season 2 OTT Release Date: When and Where to Watch Kajol’s Legal Drama Series Online
  5. Ghaati OTT Release Reportedly Revealed Online: When and Where to Watch Anushka Shetty-Starrer Movie Online?
  6. American Express Launches NFT Passport Stamps to Commemorate Travel Memories
  7. Huawei Watch GT 6, GT 6 Pro Price, Specifications Leak Ahead of September 19 Launch: Report
  8. iPhone 17 Pro Max in Cosmic Orange Colourway Reportedly Out of Stock in the US, India
  9. Samsung Galaxy Tab A11, Galaxy Tab A11+ Leaked Renders Hint at Design, Specifications
  10. Apple Adds New and Upgraded Apple Intelligence Features for iPhone, iPad and Mac Devices
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.