Microsoft said Tuesday that it will boost its dividend, buy back shares and offer a $3-per-share one-time payout as part of a plan to return up to $75 billion to shareholders over the next four years.
The one-time payout is conditional on shareholders approving changes to Microsoft's employee stock compensation plans that would adjust the plans to reflect the $3-per-share drop in value that will come from the payout, Anderson said. Assuming that shareholders approve the plan, the payout would be made on Dec. 2 to shareholders of record as of Nov. 17.
"We are confident in our long-term ability to grow revenue, profits and shareholder value through our innovation and execution," CEO Steve Ballmer said in a statement. "We have been successful in addressing a significant portion of our ongoing legal exposure, and all seven of our businesses are growing."
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