Microsoft to buy back stock, raise dividend
Board has approved plan to buy back up to $40 billion of its shares
REDMOND, Wash. - Software giant Microsoft Corp. said Monday its board approved a plan to buy back up to another $40 billion of its shares.The program expires on Sept. 30, 2013. As of July 28, Redmond, Washington-based Microsoft had about 9.13 billion shares outstanding, according to a regulatory filing.
The company said it has completed its previous $40 billion stock repurchase program.
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