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Sept. 14, 2021 7:27 pm ET
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Expanding its program for returning capital to shareholders, Microsoft late Tuesday said its board voted to both boost its quarterly dividend and adopt a new share repurchase program.
Microsoft (ticker: MSFT) raised its quarterly dividend rate by 11%, to 62 cents from 56 cents. It was the 12th straight year that the company has boosted its quarterly payout following its September board meeting. The new rate gives the company a yield of 0.8%. The hike follows increases of 10% last year and 11% in 2019.