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Microsoft to repurchase its $40 billion shares

Microsoft to repurchase its $40 billion sharesThis evidences that the company has accumulated a significant amount of money to spend - as of June cash reserves totaled $ 113 billion, Kommersant.

Microsoft Corp. announced yesterday of a new share repurchase program authorizing up to $40 billion in share repurchases.

That makes up 9,1% of its current market capitalization.

The company also announced the increase in its quarterly dividend to $ 0.39 per share that is 8% more compared to the previous quarter dividend.
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