Microsoft Approves New $60-B Share Buyback Program

Microsoft announced on Monday that its board has approved a new share buyback program of up to $60 billion, according to a Reuters report.

Microsoft has declared a quarterly dividend of $0.83 per share. I Photo: Dale Lane Flickr

The tech giant declared a quarterly dividend of $0.83 per share, representing an 8-cent, or 10%, increase over the previous quarter.

Microsoft also announced that it will hold its annual shareholders meeting on Dec. 10. In July, the company disclosed plans to increase spending this fiscal year on AI infrastructure.

Capital expenditures in the quarter ending June 30 jumped by 77.6%, largely driven by AI-related investments. While the company reported a slowdown in growth for its Azure cloud business in the same period, Microsoft expects growth to accelerate in the second half of fiscal 2025.

Big tech companies, including Microsoft and Alphabet's Google, are under investor pressure to demonstrate returns on their significant investments in AI infrastructure.