Microsoft raises dividend, plans $40 billion share buyback

(Reuters) - Microsoft Corp on Tuesday raised its quarterly dividend by 8 percent and said it would buy back up to $40 billion as part of a new share repurchase program. The new buyback program has no expiration date and may be terminated at any time, the company said on Tuesday. The company also said it was on track to complete its current $40 billion stock repurchase program by Dec. 31.