Microsoft Stock Is Moving Higher Tuesday: What's Going On?
Portfolio Pulse from Adam Eckert
Microsoft's stock is rising after the company announced a 10% increase in its quarterly dividend and a new $60 billion share repurchase program. The dividend will be payable on Dec. 12, and the buyback program has no expiration. Microsoft has $75.5 billion in cash and investments as of June 30.
September 17, 2024 | 1:26 pm
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Microsoft's stock is moving higher due to a 10% increase in its quarterly dividend and a new $60 billion share repurchase program. These actions signal strong financial health and shareholder value return.
The increase in dividend and the large share repurchase program are positive signals to investors, indicating Microsoft's strong financial position and commitment to returning value to shareholders. This is likely to drive the stock price up in the short term.
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