Forbes: "With investors fleeing from the corporate bond market, this seems an odd time for Microsoft to be borrowing money, but the software maker is planning to do just that, taking advantage of its status as one of the tech sector's bluest blue chips.
On Monday the software company authorized debt financings of up to $6.0 billion, while it also announced it was returning capital to shareholders via a $40.0 billion stock buyback and an 18.2% increase in its quarterly dividend, to 13 cents a share.
The company also stated that it has completed its previous $40.0 billion stock repurchase program. Microsoft (nasdaq: MSFT - news - people ) said it has returned more than $115.0 billion to shareholders through share repurchases and dividends over the last five years.
Microsoft bucked the downward trend on Wall Street Monday, rising 47 cents, or 1.9%, to $25.62. At that price, it has a market value of $233.2 billion, so the buyback accounts for 17.2% of its capitalization. At its price, the new dividend provides a yield of 2.0%."