Microsoft approves $60bn share buyback, 10% dividend increase amid AI investment pressure.

Microsoft has approved a $60 billion share buyback program and increased its quarterly dividend by 10%, raising it to $0.83 per share. This decision comes amid pressure to demonstrate the effectiveness of its AI investments. The annual shareholders meeting is scheduled for December 10. Despite a recent slowdown in Azure cloud growth, Microsoft expects to see acceleration in that sector in fiscal 2025, bolstered by a 77.6% rise in capital spending due to AI.

September 16, 2024
56 Articles

Further Reading