Microsoft board boosts dividend, authorizes another $6B in debt
Microsoft’s board this afternoon boosted the company’s quarterly dividend by 23 percent, to 16 cents per share, attempting to show the company’s shareholders additional value from their investment. The dividend had previously been 13 cents per share.
The board also authorized the company to take on up to $6 billion in additional debt. In a report last week predicting both moves, Bloomberg News said the company would use the additional debt for purposes including the ongoing repurchase of its shares…Microsoft