In a statement, the software maker's board declared a quarterly dividend of 20 cents per share, an increase of 4 cents, or 25%, on the prior quarter's dividend.
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"Our strong financial results enable us to increase our dividend as part of our ongoing commitment to return capital to our shareholders," explained Peter Klein, the Microsoft CFO, in a statement.Microsoft comfortably beat Wall Street's expectations in its recent fouth-quarter results, boosted by gains in its Office software and gaming divisions.The tech bellwether also plans to continue its $40 billion share repurchase program, according to its statement released after market close. The buyback authorization, which ends on Sept. 30, 2013, had approximately $12.2 billion remaining as of June 30.Microsoft shares rose 12 cents, or 0.44%, to $27.10 in extended trading on volume of 1.65 million, according to Nasdaq.com.--. >To submit a news tip, send an email to: tips@thestreet.com.
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