microsoft announces biggest ever share buyback scheme worth over £43bn

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Microsoft has announced the biggest ever share buyback scheme, worth over £43billion.

The software giant’s move comes after another buyback worth £29billion just two years ago.

It is already worth £1.65trillion, making it the world’s second most valuable company after tech firm Apple.

microsoft announces biggest ever share buyback scheme worth over £43bn

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Microsoft also lifted its quarterly dividend by 11pc to 62 cents (45p). It is sitting on a cash pile of more than £90billion and its latest buyback comes after some US politicians proposed a tax raid on payouts.

Democrat members of the Senate have said a 2 per cent tax on stock buybacks could fund President Joe Biden’s £2.5trillion infrastructure package.

Microsoft, which was founded by Bill Gates and Paul Allen in 1975, is best known for its Windows computer operating systems and Office software. 

Under its current boss Satya Nadella it has focused on growing businesses such as cloud computing, artificial intelligence and video gaming.

Its cloud services remotely store vast troves of data for multinational companies, while also offering software such as Office over the internet – preventing the need for it to be installed on individual machines.

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