Microsoft stock
Microsoft's Board of Directors declared a quarterly dividend of $0.95 per share on July 19, 2026, representing a 14.5% increase over the previous quarter. Simultaneously, the board authorized a new $60 billion share repurchase program with no expiration date. This capital return initiative reflects management's confidence in the robust cash flow generated by the 'Windows 12' refresh cycle and the scaling of 'Maia 200' infrastructure, despite the company's intensive $190 billion capital expenditure commitments for the fiscal year.