Microsoft's stock peeks into record territory after dividend raised, new $60 billion buyback program announced

Published: Sept. 15, 2021 astatine 10:10 a.m. ET

Shares of Microsoft Corp. rallied 1.2% successful greeting trading Wednesday, and peeked into grounds territory earlier successful the session, aft the bundle behemoth raised its dividend by 11% and announced a caller $60 cardinal banal repurchase program. The institution said precocious Tuesday that it raised its quarterly dividend to 62 cents a stock from 56 cents, with the caller dividend payable Dec. 9 to shareholders of grounds connected Nov. 18. Based connected existent banal prices, the caller yearly dividend complaint implies a dividend output of 0.82%, compared with the output for the SPDR Technology Select Sector ETF of 0.69% and the implied output for the S&P 500...