On Monday, Microsoft revealed that its board has greenlit a significant share buyback initiative valued at up to $60 billion. Alongside this, the company announced an increase in its quarterly dividend.
Microsoft Corporation (NASDAQ: MSFT) raised its dividend to $0.83 per share, reflecting a 10% rise compared to the previous quarter.
In after-hours trading, shares of the Washington-based tech giant saw a 0.6% uptick.
Despite reporting robust earnings in July, Microsoft is ramping up its capital spending, particularly in artificial intelligence. While revenue from its Azure cloud services — which includes AI-related returns — slowed in the recent quarter, the company expects growth to rebound in 2025.
Microsoft, like other major tech players, has made substantial investments in AI, but many of its competitors are still awaiting clear returns on these efforts.
The company also confirmed its annual shareholders meeting will take place on December 10.
