REDMOND, Wash., Sept. 18, 2019 /PRNewswire/ -- Microsoft
Corp. on Wednesday announced that its board of directors declared a
quarterly dividend of $0.51 per
share, reflecting a 5 cent or 11%
increase over the previous quarter's dividend. The dividend is
payable Dec. 12, 2019, to
shareholders of record on Nov. 21,
2019. The ex-dividend date will be Nov. 20, 2019.
The board of directors also approved a new share repurchase
program authorizing up to $40 billion
in share repurchases. The new share repurchase program, which has
no expiration date, may be terminated at any time.
In addition, the company announced the date for the 2019 Annual
Shareholders Meeting, to be held on Dec. 4,
2019. Shareholders at the close of business on Oct. 8, 2019, the record date, will be entitled
to vote their shares.
This year's annual shareholders meeting will be held virtually
and hosted by Satya Nadella, chief
executive officer; Amy Hood, chief
financial officer; Brad Smith,
president and chief legal officer; and John
W. Thompson, Microsoft independent board chair. A virtual
meeting format provides a consistent experience to all shareholders
regardless of location, as well as the opportunity for global,
multilingual and interactive access to a dialogue with its senior
executives and directors.
As with previous shareholders meetings, a business update from
senior executives will be followed by a 30-minute question and
answer session with shareholders. Microsoft's board of directors
will also attend the meeting to hear shareholders' questions and
feedback. More information about the virtual format can be found on
the Microsoft On the Issues blog.
In addition to providing the live webcast of the annual meeting,
shareholders will have the option to view the annual meeting
through Microsoft Teams at www.microsoft.com/investor. As with
previous meetings, the transcript with video and audio of the
entire meeting will be available on the Microsoft Investor
Relations website following the meeting.
About Microsoft
Microsoft (Nasdaq "MSFT" @microsoft) enables digital
transformation for the era of an intelligent cloud and an
intelligent edge. Its mission is to empower every person and every
organization on the planet to achieve more.
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SOURCE Microsoft Corp.