Morning News Leader: Microsoft Hits New All-Time High
Microsoft Corporation (MSFT) is up 2.4% Thursday morning. MSFT has been a top stock in recent years as Microsoft has emerged as a clear leader in the cloud computing space, and the stock hit a new all-time high in today’s trading after the company announced an 11% dividend increase and a new buyback program. Microsoft boosted its quarterly dividend from $0.46 per share too $0.51. The stock will trade ex-dividend November 20. In addition, the company announced a new $40 billion buyback program.
Microsoft Corporation (MSFT) is a diversified technology company.
Herman Miller, Inc. (MLHR) and Enphase Energy, Inc. (ENPH) top the list of other companies with positive news today, while Foundation Building Materials, Inc. (FBM) and United States Steel Corporation (X) top the list of companies with negative news.
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About Microsoft Corporation
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three overarching segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops). Through acquisitions, Microsoft owns Xamarin, LinkedIn, and GitHub. It reports revenue in product and service and other revenue on its income statement.