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SEP 17, 2013 - Yahoo! News

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Microsoft raises payout 22 percent ahead of investor meet

By Chandni Doulatramani and Edwin Chan (Reuters) - Microsoft Corp raised its quarterly dividend by 22 percent and renewed its $40 billion share buyback program, extending an olive branch to investors who are expected to grill its outgoing CEO on Thursday about a costly foray into mobile devices. The surprisingly big hike brings Microsoft's dividend yield to around 3.4 percent, higher than those of major tech corporations such as International Business Machines Corp and Apple Inc. ...

Tags: Microsoft raises payout 22 percent ahead of investor meet,  Apple Inc. Latest News