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September 18, 2013 02:26 am GMT
Microsoft has announced a new $40 billion share repurchase authorization with no expiration date. With the move, Microsoft in effectgranted itself $40 billion in latitude to buy its own shares whenever it wants to.The announcement came with a dividend increase of 22 percent to $0.28 per share.Its stock has responded by doing very little, rising just 0.39 percent in regular trading. It trails the NASDAQ's rise of 0.76 percent during today's normal hours. It almost feels odd that investors would less than shrug at the company's news.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KzM3EaWQZSI/
Inside Microsoft's New $40 Billion Stock Repurchase Program
Microsoft has announced a new $40 billion share repurchase authorization with no expiration date. With the move, Microsoft in effectgranted itself $40 billion in latitude to buy its own shares whenever it wants to.The announcement came with a dividend increase of 22 percent to $0.28 per share.Its stock has responded by doing very little, rising just 0.39 percent in regular trading. It trails the NASDAQ's rise of 0.76 percent during today's normal hours. It almost feels odd that investors would less than shrug at the company's news.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KzM3EaWQZSI/
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