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The software giant increased quarterly dividend by 10% to 83 cents a share.

Microsoft Corp (NASDAQ:MSFT) has unleashed an unexpected $60 billion new share buyback and hiked its quarterly dividend 10% from the first quarter. The tech titan made the announcement late on Monday, saying the dividend of $0.83 per share would be paid on 12 December, two days after its annual shareholder meeting.

Microsoft looks like a strong candidate for its 10th stock split. Its innovations like Copilot and investment in ChatGPT are huge.

As the largest public cloud, Amazon is uniquely positioned to benefit from demand for AI infrastructure. Microsoft is monetizing generative AI with software copilots and cloud computing services.

Microsoft (MSFT) said Monday its board of directors approved a $60 billion stock buyback program and a 10% boost to its quarterly dividend.

Microsoft late Monday announced a $60 billion buyback and a 10% quarterly dividend hike. MSFT stock rose a fraction overnight.

The latest trading day saw Microsoft (MSFT) settling at $431.34, representing a +0.17% change from its previous close.

Only three U.S. companies have ever announced buyback programs bigger than Microsoft's latest — though the new dividend yield is still low relative to those of fellow Dow components.

Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion.

Oracle turned into an unlikely growth stock over the past five years. Its cloud-based software and infrastructure services are driving its growth.

Bill Gates is among the most well-known and closely-followed businessmen in the world.

Microsoft, Snowflake, Palo Alto Networks, and MongoDB stock are all rated at Buy by Truist analyst Joel Fishbein.

24/7 Wall St. Insights: For the first time in years, the Federal Reserve will lower interest rates this week.

Artificial-intelligence-focused chip makers are expected to grow briskly. But artificial intelligence requires servers, memory, and more -- so consider other stocks, too.

The rest of the market will have to do heavy lifting for the S&P 500 to move higher.

Bridgewater Associates slashed a stake in Apple, halved its Lilly investment, doubled down on Microsoft, and bought Moderna in the second quarter.

Six U.S. technology companies are currently worth $1 trillion or more. Oracle could join them on the back of surging demand for its data center infrastructure, which is among the best for artificial intelligence development.

Microsoft and Coca-Cola are longtime undisputed leaders in their industries. Both companies have strong moats and excellent dividend track records.

Over the next few months, ChatGPT-creator OpenAI will face some of its biggest tests yet, including a high-profile partnership with Apple.

Microsoft was the top U.S. dividend payer in the second quarter. Alphabet and Meta Platforms have recently started paying dividends.