Software giant Microsoft – a leading player in AI services – has launched a new gigantic program for repurchasing shares worth 60 billion dollars (equivalent to 610 billion kronor) and is increasing its quarterly dividend by 10 percent.
Repurchasing serves as an alternative to dividend distribution to shareholders.
The program was presented after Monday's trading on Wall Street had closed. The Microsoft share rose slightly in futures trading after the announcement.
Microsoft's share has so far this year risen 31 percent.
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