When the half life on your stock boost from dumping your CEO is measured in days (especially when coupled with less than brilliant M&A transactions) what do you do? Why… resort to the oldest trick in the book: dividend and buyback (most likely leveraged)
- *MICROSOFT SETS $40 BILLION BUYBACK, BOOSTS DIVIDEND 22%
It seems ValueAct is active already – and doing all they can to cover the FUBAR move in Nokia. But – for all those buying on this news – this is merely extending the time-period of a prior buyback program – so just the dividend boost of 22% (23c to 28c with expectations of a shift to 26c) counts.
It seems the catalyst for a higher Dow is fading fast now…