Microsoft Approved for $40 Billion Share Repurchase
Microsoft's board of directors has approved a share buyback for Microsoft to the tune of $40 billion, with an expiration date of September 30, 2013.
The board also declared a quarterly dividend of $0.13 per share, reflecting a two cent or 18 percent increase over the previous quarter's dividend. Said dividend is payable December 11, 2008 to shareholders of record on November 20, 2008. The ex-dividend date will be November 18, 2008.
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