By Eric J. Savitz
Expanding its program for returning capital to shareholders,$Microsoft(MSFT.US)$ late Tuesday said its board voted to both boost its quarterly dividend and adopt a new share repurchase program.
The company also announced a new $60 billion stock repurchase program, with no specific expiration date.
Microsoft also said its board has appointed President Brad Smith to the added role of vice-chair.
This reflects the unique leadership role that Brad plays for the company, our board of directors and me, with governments and other external stakeholders around the world."
-Microsoft CEO and Chairman Satya Nadella said in a statement.
Microsoft in late trading is up 0.9%, to $302.51.
(END) Dow Jones Newswires
September 14, 2021 19:27 ET (23:27 GMT)
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