Microsoft Corp. (NASDAQ: MSFT) is setting another monster share buyback plan. The software and entertainment giant has approved a new share buyback plan giving it the authorization to repurchase up to an additional $40 Billion worth of stock. Its last buyback plan has been completed. This is through September 30, 2013. The company has announced it has authorized debt financings of up to $6 Billion and has established a commercial paper program under that of $2 Billion. The company has also boosted its dividend by 18% up to $0.13 per quarter. Shares were up on the AAA rating from S&P, which has effectively been shared now by Moody's as part of the plan, but shares are now up 5% at $26.40 in pre--market trading. Its 52-week trading range is $23.50 to $37.50. Jon C. Ogg September 22, 2008 ...
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Microsoft Corp. (NASDAQ: MSFT) is setting another monster share buyback plan. The software and entertainment giant has approved a new share buyback plan giving it the authorization to repurchase up to an additional $40 Billion worth of stock. Its last buyback plan has been completed. This is through September 30, 2013. The company has announced it has authorized debt financings of up to $6 Billion and has established a commercial paper program under that of $2 Billion. The company has also boosted its dividend by 18% up to $0.13 per quarter. Shares were up on the AAA rating from S&P, which has effectively been shared now by Moody's as part of the plan, but shares are now up 5% at $26.40 in pre--market trading. Its 52-week trading range is $23.50 to $37.50. Jon C. Ogg September 22, 2008 ...