Microsoft Plans $60 Billion Share-Buyback Program, Raises Dividend

Microsoft Corp.’s board approved a plan to buy back as much as $60 billion of its stock, extending the tech giant’s extensive repurchase program at a time when Congressional Democrats have proposed taxing companies that do buybacks.

Microsoft didn’t provide a timetable for the repurchases. It said Tuesday the program doesn’t have an expiration date and could be terminated any time.

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