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Microsoft Unveils $40 Billion Stock Buyback, Boosts Dividend

Shoppers Inside The Yorkdale Mall Ahead Of Consumer Price Figures
Photographer: Brent Lewin/Bloomberg
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Microsoft Corp., the world’s largest software maker, said it will repurchase as much as $40 billion of shares in a new buyback program and boosted its quarterly dividend by 5 cents to 51 cents a share.

The repurchase authorization has no expiration date, and may be terminated at any time, Redmond, Washington-based Microsoft said Wednesday in a statement. The company’s stock has risen 36% so far this year and its market capitalization remains at more than $1 trillion. Its previous buyback plan, unveiled in September 2016, was also for $40 billion.