Microsoft announced new capital return plans including an 8% dividend hike.
The new stock buyback plan has limited ability to impact the stock considering the surging stock over the last few years.
The net payout yield is average for the current market.
After the close, Microsoft (NASDAQ:MSFT) released that the company will add to the existing capital return program. The total of the share repurchase program is attention grabbing, but investors need to consider whether the amount is actual impactful to the stock.