Microsoft has unveiled a quarterly dividend increase and a new share repurchase program.
Takeaway Points
- Microsoft Unveils Quarterly Dividend Increase and New Share Repurchase Program
- The board of directors also approved a new share repurchase program authorizing up to $60 billion in share repurchases.
- The company announced the date for the 2024 Annual Shareholders Meeting, to be held Dec. 10, 2024.
- On Aug 8, 2024, Palantir and Microsoft Partner to Deliver Enhanced Analytics and AI Services to Classified Networks for Critical National Security Operations.
Microsoft unveils quarterly dividend increase.
Microsoft Corp. said on Monday that its board of directors declared a quarterly dividend of $0.83 per share, reflecting an 8 cent or 10 percent increase over the previous quarter’s dividend. The dividend is payable Dec. 12, 2024, to shareholders of record on Nov. 21, 2024. The ex-dividend date will be Nov. 21, 2024.
The board of directors also approved a new share repurchase program authorizing up to $60 billion in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time, Microsoft said in a statement.
The company announced the date for the 2024 Annual Shareholders Meeting, to be held Dec. 10, 2024. Shareholders at the close of business on Sept. 30, 2024, the record date, will be entitled to vote their shares.
According to the report, this year’s annual shareholders meeting will be held virtually and hosted by Satya Nadella, chairman and chief executive officer; Amy Hood, executive vice president and chief financial officer; Brad Smith, vice chair and president; and Sandra E. Peterson, Microsoft lead independent director.
Palantir and Microsoft Partner to Deliver Enhanced Analytics and AI Services to Classified Networks for Critical National Security Operations.
On Aug 8, 2024, Palantir Technologies Inc. (NYSE: PLTR) and Microsoft Corporation announced a significant advancement in their partnership to bring some of the most sophisticated and secure cloud, AI, and analytics capabilities to the U.S. Defense and Intelligence Community. This is a first-of-its-kind, integrated suite of technology that will allow critical national security missions to operationalize Microsoft’s best-in-class large language models (LLMs) via Azure OpenAI Service within Palantir’s AI Platforms (AIP) in Microsoft’s government and classified cloud environments.
Shyam Sankar, Chief Technology Officer, Palantir, remarked, “Bringing Palantir and Microsoft capabilities to our national security apparatus is a step change in how we can support the defense and intelligence communities. Palantir AIP has pioneered the approach to operationalizing AI value – beyond chat — across the enterprise. It’s our mission to deliver this software advantage and we’re thrilled to be the first industry partner to deploy Microsoft Azure OpenAI Service in classified environments.”
Deb Cupp, President of Microsoft Americas, said, “This expanded partnership between Microsoft and Palantir will help accelerate the safe, secure and responsible deployment of advanced AI capabilities for the U.S. government. Palantir, a leader in delivering actionable insights to government, will now leverage the power of Microsoft’s government and classified clouds and robust Azure OpenAI models to further develop AI innovations for national security missions.”
As part of this partnership, Palantir and Microsoft will be providing the Defense and Intelligence Community with bootcamp experiences to trial the technology.
