Microsoft announces quarterly dividend increase and new share repurchase program

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Oppenheimer Reiterates Outperform Rating on Microsoft (MSFT)

September 19, 2019 7:32 AM EDT

Oppenheimer analyst Timothy Horan reiterated an Outperform rating and $160.00 price target on Microsoft (NASDAQ: MSFT) following the company's announcement that it has increased its dividend by 11%. MSFT is raising its dividend by five cents from last quarter to $0.51.

In addition, management... More