Web News: Microsoft to Pay Shareholders Up to $75B

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Web News: Microsoft to Pay Shareholders Up to $75B

PC Apex Web News News from our affiliates and other news sources.

20-July-04, 06:26 PM

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Lokie

Custom What?

Web News: Microsoft to Pay Shareholders Up to $75B

Quote:


	Microsoft Corp. plans to pay out a substantial chunk of its cash hoard directly to shareholders through a combination of dividends and stock buybacks totaling up to $75 billion over four years, the software maker said Tuesday, ending speculation about what it planned to do with its billions in cash reserves. The Redmond, Wash.-based company said it would pay a one-time dividend of $3 per share and would double its annual dividend to 32 cents per share. Microsoft, which has amassed cash holdings of at least $56 billion, also said it plans to buy back up to $30 billion of the company's stock over the next four years.

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