Microsoft announces a 10% dividend increase and plans to repurchase up to $60 billion in shares
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Microsoft announced a 10% increase in quarterly dividend, from $0.75 per share to $0.83 per share, and plans to repurchase up to $60 billion worth of stocks. The dividend will be paid on December 12, 2024, with an ex-dividend date of November 21, 2024. This buyback plan is the largest in Microsoft's history and has no expiration date. Microsoft's investments in the field of artificial intelligence have driven its business growth, with the latest financial report showing an 18% year-on-year increase in free cash flow
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