Microsoft Corp. announced on Tuesday approved a $60 billion share buyback program and raised its quarterly dividend by 11%, according to a press release by Microsoft on Tuesday.

  • Microsoft stated that the buyback program has no expiration data and may be terminated at any time, and that it would pay a dividend of $0.62 per share.
  • The U.S. technology giant also referred to the vice chair position as an improved executive role for Smith, who currently leads a team of over 1,500 staff in 54 countries.
  • The company stated that Brad Smith has a unique leadership role that Brad plays for the company, board of directors and CEO, with governments and other external stakeholders around the world
  • This year’s annual shareholders meeting would be held virtually and hosted by the CEO and Chairman of Microsoft Satya Nadella.

Microsoft remains committed to enabling digital transformation for the era of an intelligent cloud and an intelligent edge to empower people and organizations across the world. MSFT up +0.94%