Investing.com – Microsoft (NASDAQ:MSFT) shares higher in pre-market trade after dividend hike, share buyback.
Microsoft shares were up 1.65% at $57.75 at 05:00 ET.
Microsoft raised its quarterly dividend by 3 cents, or 8%, to $0.39.
To buy back up to $40 bn as part of a new share repurchase program.
New buyback program has no expiration date and may be terminated at any time.