Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion. The tech giant declared a quarterly dividend of $0.83 per share, reflecting an 8 cent, or 10%, increase over the previous quarter.

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 is increasing its quarterly dividend 10% and announced a new $60 billion stock-buyback program, matching the size of a repurchase plan three years ago. Mandeep Singh of Bloomberg Intelligence has more.

Key Takeaways Microsoft on Monday announced a $60 billion stock buyback program and a 10% boost to its quarterly dividend. The moves come as Microsoft faces pressure to show its spending on artificial intelligence (AI) is paying off.

Microsoft (MSFT) knows how to keep long-term investors happy. The tech giant is returning another $60 billion in cash to shareholders through a new stock buyback plan and raised its dividend by more than 10%.

Microsoft Corp. announced a 10% increase in its quarterly dividend and launched a new $60 billion stock buyback program, matching the size of its repurchase plan from three years ago.

Microsoft ($MSFT) is enhancing its shareholder value with a 10% dividend increase and a new $60 billion stock buyback program. These actions