Microsoft late Monday announced a $60 billion buyback and a 10% quarterly dividend hike. MSFT stock rose slightly Tuesday.
Intel is turning its chip contract manufacturing business into an independent subsidiary, and Microsoft boosts its quarterly dividend and says it will begin a new $60 billion buyback program.
Enterprise software juggernaut Microsoft, like most tech stocks, had started September on the wrong foot, but action over the past two weeks has proven much more bullish. Microsoft also announced a nearly 11% hike in its dividend to shareholders. The rebound that began in early August certainly cooled off, but Microsoft's rebound is definitely picking up steam again.