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Share Repurchases

On September 22, 2008, we announced the completion of the two repurchase programs approved by our Board of Directors during the first quarter of fiscal year 2007 to buy back up to $40.0 billion of Microsoft common stock. On September 22, 2008, we also announced that our Board of Directors approved a new share repurchase program authorizing up to $40.0 billion in share repurchases with an expiration date of September 30, 2013. As of June 30, 2010, approximately $23.7 billion remained of the $40.0 billion approved repurchase amount. The repurchase program may be suspended or discontinued at any time without prior notice.

We repurchased the following shares of common stock under the above-described repurchase plans using cash resources:

 



























































(In millions)

 

Shares

 

 

Amount

 

Shares

 

 

Amount

 

Shares

 

 

Amount

 






















Year Ended June 30,

 

 

 

 

2010  (a)

 

 

 

 

2009  (b)

 

 

 

 

2008  (c)






















First quarter

 

58

 

 

$

1,445

 

223

 

 

$

5,966

 

81

 

 

$

2,348

Second quarter

 

125

 

 

 

3,583

 

95

 

 

 

2,234

 

120

 

 

 

4,081

Third quarter

 

67

 

 

 

2,000

 

0

 

 

 

0

 

30

 

 

 

1,020

Fourth quarter

 

130

 

 

 

3,808

 

0

 

 

 

0

 

171

 

 

 

4,975

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

380

 

 

$

  10,836

 

318

 

 

$

  8,200

 

402

 

 

$

  12,424

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) All shares repurchased in fiscal year 2010 were repurchased under the plan approved by our Board of Directors on September 22, 2008.

(b) Of the 318 million shares of common stock repurchased in fiscal year 2009, 101 million shares were repurchased for $2.7 billion under the plan approved by our Board of Directors during the first quarter of fiscal year 2007. The remaining shares were repurchased under the plan approved by our Board of Directors on September 22, 2008.

(c) All shares repurchased in fiscal year 2008 were repurchased under the plan approved by our Board of Directors during the first quarter of fiscal year 2007.

Dividends

In fiscal year 2010, our Board of Directors declared the following dividends:



 











































Declaration Date

 

Dividend

Per Share

 

 

Record Date

 

 

Total Amount

 

 

Payment Date

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 
















September 18, 2009

 

$

  0.13

 

 

November 19, 2009

 

 

$

  1,152

 

 

December 10, 2009

December 9, 2009

 

$

0.13

 

 

February 18, 2010

 

 

$

1,139

 

 

March 11, 2010

March 8, 2010

 

$

0.13

 

 

May 20, 2010

 

 

$

1,130

 

 

June 10, 2010

June 16, 2010

 

$

0.13

 

 

August 19, 2010

 

 

$

1,127




 

September 9, 2010

 

The dividend declared on June 16, 2010 will be paid after the filing date of this report on Form 10-K and was included in other current liabilities as of June 30, 2010.

In fiscal year 2009, our Board of Directors declared the following dividends:

 












































Declaration Date

 

Dividend

Per Share

 

 

Record Date

 

 

Total Amount

 

 

Payment Date

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 
















September 19, 2008

 

$

  0.13

 

 

November 20, 2008

 

 

$

  1,157

 

 

December 11, 2008

December 10, 2008

 

$

0.13

 

 

February 19, 2009

 

 

$

1,155

 

 

March 12, 2009

March 9, 2009

 

$

0.13

 

 

May 21, 2009

 

 

$

1,158

 

 

June 18, 2009

June 10, 2009

 

$

0.13

 

 

August 20, 2009

 

 

$

1,157

 

 

September 10, 2009


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