Apps & Software

Microsoft's $40 Billion Stock Buyback (MSFT)

Microsoft_logo_3Microsoft Corp. (NASDAQ: MSFT) is announcing another monster share buyback plan. This one gives it the authorization to repurchase as much as $40 billion worth of stock.  Its last buyback plan has been completed.  This new one is through September 30, 2013.

The company has announced it has authorized debt financings of up to $6 billion and has established a commercial paper program under that of $2 billion.  The company has also boosted its dividend by 18% up to $0.13per quarter.

Shares were up on the AAA rating from S&P, which has effectivelybeen shared now by Moody’s as part of the plan. Microsoft is now trading up5% at $26.40 in pre–market trading.  Its 52-week trading range is$23.50 to $37.50.

Jon C. Ogg
September 22, 2008

 

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