• $
  • £

Microsoft launches $40bn share buyback

Microsoft launches $40bn share buyback
21.09.2016 19:01
US software giant Microsoft plans to buy back $40bn worth of its shares.

The firm did not say how long the repurchase scheme would last. Its previous buyback, also worth $40bn, was announced in September 2013 and is due to be completed by the end of the year.

Share buybacks tend to support a company's share price and are popular with investors.

Microsoft also announced that it was raising its quarterly dividend by 8%, to 39 cents a share.

Microsoft shares rose 1% in after-hours trading.

Big deal

Earlier this year Microsoft announced its biggest ever acquisition - the purchase of the professional networking website LinkedIn - for just over $26bn (£18bn) in cash.

That was considered a high price for LinkedIn, which reported an annual loss of $166m.

Microsoft chief executive Satya Nadella said it was part of Microsoft's transformation into a cloud computing business, providing a range of professional services to clients - including a social network to connect them to each other.

(BBC)

www.ann.az
Similar news
Similar news
Azerbaijan’s pension disbursements rise 10% to 4.57 bln manats in Jan-Jul 2026
Business 16:00
Azerbaijan’s pension disbursements rise 10% to 4.57 bln manats in Jan-Jul 2026
Azerbaijan Railways updates Baku–Gabala–Baku train schedule effective September 19
Business 15:30
Azerbaijan Railways updates Baku–Gabala–Baku train schedule effective September 19
Bitcoin breaks above $63,000 as markets scale back Fed rate hike bets — Reuters
Business 13:00
Bitcoin breaks above $63,000 as markets scale back Fed rate hike bets — Reuters
Azerbaijan central bank sets official exchange rates for Aug 17
Business 12:00
Azerbaijan central bank sets official exchange rates for Aug 17
Oil prices rise as U.S.-Iran talks stall, Hormuz traffic slows
Business 11:30
Oil prices rise as U.S.-Iran talks stall, Hormuz traffic slows
Gold advances as US dollar softens, silver climbs over 1% — Reuters
Business 11:00
Gold advances as US dollar softens, silver climbs over 1% — Reuters
Where does SOCAR earn more: Azerbaijan or abroad?
Business 10:30
Where does SOCAR earn more: Azerbaijan or abroad?
Armenian citizens may be barred from Istanbul's Armenian schools, report says
Business 15:00
Armenian citizens may be barred from Istanbul's Armenian schools, report says
Central Bank of Azerbaijan sets official foreign exchange rates
Business 13:00
Central Bank of Azerbaijan sets official foreign exchange rates
Anews TV

Our official Youtube channel

Subscribe