Apps & Software
Microsoft's $40 Billion Stock Buyback (MSFT)
Published:
Last Updated:
Microsoft 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
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
