Microsoft ($MSFT) is enhancing its shareholder value with a 10% dividend increase and a new $60 billion stock buyback program. These actions

The tech giant declared a quarterly dividend of $0.83 per share, reflecting an 8 cent, or 10%, increase over the previous quarter. In July, the company said it will spend more this fiscal year on AI infrastructure. It reported a 77.6% rise in capital spending in the quarter ended June 30, largely due to AI-related expenses.

Microsoft's share repurchase program, which has no expiration date, replaces its previous $60 billion authorization announced four years ago. Meanwhile, investors also cheered the news that shareholders of record as of Nov. 21 will receive a quarterly dividend of 83 cents per share, up from the current 75 cents a share.

Price Action: Microsoft’s stock closed at $431.34 on Monday, up 0.17% for the day. In after-hours trading, the stock rose by an additional 0.73%. Year to date, Microsoft has seen a strong performance, with its stock up by 16.30%, according to data from Benzinga Pro.

Year-to-date, Microsoft is up 16.8%. Puts have been growing in popularity. MSFT sports a 10-day put/call volume ratio of 0.85 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE),

Microsoft's board has approved a $60 billion share buyback and announced a quarterly dividend of $0.83, a 10% increase. The annual shareholders meeting is set for December 10, amid rising AI spending despite a slowdown in Azure's growth.