Microsoft Corp. (NASDAQ:MSFT) announced a new share repurchase program worth up to $60 billion on Monday. What Happened: The tech giant also declared a quarterly dividend of $0.83 per share, marking a 10% increase from the previous quarter. The company will hold its annual shareholders meeting on Dec. 10. In July, Microsoft revealed plans to increase spending on artificial intelligence infrastructure this fiscal year. The company reported a 77.6% rise in capital expenditures for the quarter ending Jun. 30, primarily due to AI-related costs. Despite a slowdown in growth for its Azure cloud busi…
