Microsoft announces hike in dividend by 10%, approves $60 billion share buyback program

Microsoft Corp. said that its board of directors declared a quarterly dividend of $0.83 per share, representing an 8-cent or 10% increase over the previous quarter’s payout. The dividend will be paid on December 12, 2024, to stockholders who are on record as of November 21, 2024. The ex-dividend date will be November 21, 2024.

The board of directors also approved a new share repurchase program authorizing up to $60 billion in share repurchases.