WSJ.com: US Business
Microsoft to Hand Out More Cash
Article Excerpt
BY DON CLARK AND BEN FOX RUBIN
Microsoft Corp. moved to share more of its cash hoard with shareholders, boosting its quarterly dividend by 22% and renewing a $40 billion authorization to buy back its shares.
The announcement Tuesday comes two days before a highly anticipated meeting with financial analysts and follow a series of surprise changes at the software giant, including a plan to seek a successor to Chief Executive Steve Ballmer and a $7 billion deal to buy Nokia Corp.'s smartphone business.
Microsoft has raised its dividend eight times since 2004, in announcements that typically come in September. But the latest increase was greater than ...
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