News Summary: Microsoft board approves 5 cent hike in dividend to 28 cents, $40B stock buyback

  • by: The Associated Press , Associated Press
  • Updated: September 17, 2013 - 11:15 AM

DIVIDEND HIKE: Microsoft said Tuesday that its board approved a 22 percent increase in the company's quarterly dividend to 28 cents. That is up 5 cents from the previous dividend. It will be paid on Dec. 12 to shareholders of record as of Nov. 21.

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