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Microsoft announces share buyback program of up to $60 billion By Reuters

© Reuters. FILE PHOTO: A Microsoft logo is seen in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson/File Photo

(Reuters) – Microsoft Corp (NASDAQ:) said on Tuesday its board had authorized a new share buyback program of up to $60 billion.

Microsoft’s board also increased the quarterly dividend by 11%, the company added.

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