<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/575ee08452bcd01b008c8d79-2400/rtr4avtb.jpg" alt="satya nadella" data-mce-source="Robert Galbraith/Reuters" data-mce-caption="Microsoft CEO Satya Nadella speaks during a Microsoft cloud briefing event in San Francisco, California October 20, 2014." /><p class="source"><span>Robert Galbraith/Reuters</span></p><p class="caption">Microsoft CEO Satya Nadella speaks during a Microsoft cloud briefing event in San Francisco, California October 20, 2014.</p></div><p></p></div></div>Microsoft is buying back a whole bunch of itself.</p><p>The tech behemoth <a href="http://www.prnewswire.com/news-releases/microsoft-announces-quarterly-dividend-increase-and-share-repurchase-program-300331284.html">said it has authorized</a> a $40 billion share buyback program, according to a release from the firm. With the market cap ending trading on Tuesday at roughly $440 billion, this means the firm is buying back just over 9% of the outstanding shares.</p><p>This is the second $40 billion buyback program for Microsoft, and the company said it will complete the first round by the end of 2016.</p><p>Microsoft also said it was raising its dividend by $0.03 per share to $0.39 per share for the quarter.</p><p>Following the announcement, shares of Microsoft ticked up 1.21% in after-market trading to $57.50 per share.</p><p> </p>      <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/economist-joseph-stiglitz-on-deficit-fetishism-2016-9">STIGLITZ: It makes me crazy that everyone gets this wrong about the economy</a></h3>        <div>            <div>    <script src="http://player.ooyala.com/v3/6e12e8b3387a44daacfb73afba25a76e"></script>    <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="81aWF1NTE65bqRFEoODRwpzZUj5lBxQM" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>    <script>    if (typeof RunFunctions === 'undefined') { var RunFunctions = []; }     RunFunctions.push(function()    {         var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', '81aWF1NTE65bqRFEoODRwpzZUj5lBxQM',{ autoplay: 'false' });     });    </script>    <noscript><div>Please enable Javascript to watch this video</div></noscript></div>        </div>        <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script>    </div>

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Microsoft is planning to buy back almost 10% of itself

Robert Galbraith/ReutersMicrosoft CEO Satya Nadella speaks during a Microsoft cloud briefing event in San Francisco, California October 20, 2014.Microsoft is buying back a whole bunch of itself.The tech behemoth said it has authorized a $40 billion share buyback program, according to a release from the firm. With the market cap ending trading on Tuesday at roughly $440 billion, this means the firm is buying back just over 9% of the outstanding shares.This is the second $40 billion buyback program for Microsoft, and the company said it will complete the first round by the end of 2016.Microsoft also said it was raising its dividend by $0.03 per share to $0.39 per share for the quarter.Following the announcement, shares of Microsoft ticked up 1.21% in after-market trading to $57.50 per share. NOW WATCH: STIGLITZ: It makes me crazy that everyone gets this wrong about the economy if (typeof RunFunctions === 'undefined') { var RunFunctions = []; } RunFunctions.push(function() { var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', '81aWF1NTE65bqRFEoODRwpzZUj5lBxQM',{ autoplay: 'false' }); }); Please enable Javascript to watch this video (function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }());

Robert Galbraith/ReutersMicrosoft CEO Satya Nadella speaks during a Microsoft cloud briefing event in San Francisco, California October 20, 2014. Microsoft is buying back a whole bunch of itself.

Microsoft is planning to buy back almost 10% of itself

Bob Bryan

NOW WATCH: STIGLITZ: It makes me crazy that everyone gets this wrong about the economy

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