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jimbo
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http://msnbc.msn.com/id/5469364/

BREAKING NEWS

Updated: 4:28 p.m. ET July 20, 2004SEATTLE - Microsoft Corp., the world’s largest software maker, said Tuesday it would begin issuing a quarterly dividend, begin a four year share buyback plan and issue a special dividend to shareholders. (MSNBC is Microsoft-NBC joint venture.)

Microsoft’s board of directors approved a 8 cent per share quarterly dividend, a plan to buy up to $30 billion of its own stock over the next four years and also approved a one-time special dividend of $3 per share, subject to shareholder approval.

The Redmond, Washington-based company, which has been under pressure from shareholders to curtail growth of its $56 billion cash hoard, said it would provide further details in a 5 p.m. conference call with co-founder Bill Gates and Chief Executive Steve Ballmer.

Copyright 2004 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters.

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Jimbo...


Posts: 175 | From: Longwood, Florida | Registered: Apr 2004  |  IP: Logged | Report this post to a Moderator
   

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