Entertainment Microsoft increases dividend and announces stock buyback of up to 60 billion dollars at
Telstra, insurers help ASX to record close
Telstra's rewards for shareholders and thriving insurers helped an ASX record close, but gains were limited as investors abandoned Rio Tinto.Telstra delivered improved full-year earnings and a $1.35 billion share buyback, while insurer QBE surged after returning to profit, on an eventful Thursday.
The US software conscporary board has approved a new share buyback program of up to $ 60 billion and at the same time raised the quarterly dividend by eleven percent, Microsoft shared on Tuesday with. This corresponds to an increase of 6 cents to $ 0.62 per share compared to the distribution of the previous quarter. According to the world's largest software manufacturer, the share buyback program that is not temporary can be terminated at any time. The Executive Board also approved the appointment of Brad Smith as Deputy Chairman of Microsoft. Smith already acts as president of the company. The deputy chairmanship was an additional leadership role, explained the company. Microsoft had significantly exceeded the expert expectations in profit and sales in the past quarter. RTR
Video: Share In Focus: Merck wants to invest and buy (DPA AFX)
Some $6.2b in JobKeeper paid to businesses with more than $10m in turnover, but whose revenue did not fall during pandemic .
About $6.2 billion in JobKeeper wage subsidies were paid to businesses with more than $10 million in turnover that did not experience a minimum 30 per cent fall in turnover in the six months of the scheme, annalysis of Parliamentary Budget Office data shows.To receive the fortnightly $1,500 wage subsidy for each employee for six months to September 2020, firms with less than $1 billion in annual turnover needed to have recorded an actual downturn in March (when compared to the prior year) or tell the Australian Taxation Office (ATO) that their revenue would decline by 30 per cent or more in April or the June quarter.