<p>Microsoft Corp on Tuesday said it will conduct an up to $60 billion share buyback program, raise its quarterly dividend by 11%, and appoint company President Brad Smith as vice chair.</p>.<p>Microsoft said the buyback program has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share - 6 cents over the previous quarter.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/infosys-completes-buyback-of-558-crore-shares-worth-rs-9200-crore-1030013.html" target="_blank">Infosys completes buyback of 5.58 crore shares worth Rs 9,200 crore</a></strong></p>.<p>The US technology giant also called the vice chair position an updated executive role for Smith, who currently leads a team of over 1,500 staff in 54 countries, according to his biography on Microsoft's website.</p>.<p>Smith joined Microsoft in 1993 from law firm Covington & Burling to run corporate and legal affairs operations in Europe. He became general counsel in 2002 and, over the next decade, handled the resolution of antitrust cases, the biography showed.</p>.<p>Smith will continue to report to Chief Executive Officer Satya Nadella, Microsoft said.</p>.<p><strong>Check out latest DH videos here: </strong></p>
<p>Microsoft Corp on Tuesday said it will conduct an up to $60 billion share buyback program, raise its quarterly dividend by 11%, and appoint company President Brad Smith as vice chair.</p>.<p>Microsoft said the buyback program has no expiration date and may be terminated at any time, and that it would pay a dividend of $0.62 per share - 6 cents over the previous quarter.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/infosys-completes-buyback-of-558-crore-shares-worth-rs-9200-crore-1030013.html" target="_blank">Infosys completes buyback of 5.58 crore shares worth Rs 9,200 crore</a></strong></p>.<p>The US technology giant also called the vice chair position an updated executive role for Smith, who currently leads a team of over 1,500 staff in 54 countries, according to his biography on Microsoft's website.</p>.<p>Smith joined Microsoft in 1993 from law firm Covington & Burling to run corporate and legal affairs operations in Europe. He became general counsel in 2002 and, over the next decade, handled the resolution of antitrust cases, the biography showed.</p>.<p>Smith will continue to report to Chief Executive Officer Satya Nadella, Microsoft said.</p>.<p><strong>Check out latest DH videos here: </strong></p>