Inside Microsoft’s New $40 Billion Stock Repurchase Program
As reported on TechCrunch. by ALEX WILHELM Microsoft has announced a new $40 billion share repurchase authorization with no expiration date. With the move, Microsoft in effect granted itself $40 billion in latitude to buy its own shares whenever it wants to. The announcement came with a dividend increase of 22 percent to $0.28 per share. Its stock has responded by doing very little, rising just 0.39 percent in regular trading. It trails the NASDAQ’s rise of 0.76 percent during…