Microsoft reported strong earnings, announced a $60 billion stock buyback, and increased its dividend.

Providence Capital Advisors LLC increased its holdings in Microsoft by 0.1%, now owning 37,606 shares. Several other institutional investors have also boosted their stakes in the tech giant. Microsoft reported earnings of $3.30 per share, surpassing expectations, and announced a $60 billion stock buyback. The company also declared a quarterly dividend of $0.83 per share, with a yield of 0.79%.

November 10, 2024
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