Microsoft announces a $60 billion repurchase and a 10% dividend increase, following a 31% increase in share price over the previous year. TakeAway Points: Microsoft announces a $60 billion stock buyback programme,

Although Microsoft stock has started to move upwards again, and Wall Street analysts have retained their optimism.

Microsoft shares rose for the the seventh consecutive session on Tuesday, with the latest gains coming after the tech giant hiked its quarterly dividend by 10% and approved a $60 billion stock buyback.

Microsoft (MSFT) knows how to keep long-term investors happy. The tech giant is returning another $60 billion in cash to shareholders through a new stock buyback plan and raised its dividend by more than 10%.

Microsoft Corporation is a top tech stock with solid financials, innovative products, and potential for growth, but also comes with risks. Read more about MSFT stock here.