Microsoft has authorised another US$40 billion for share buybacks and will raise its quarterly dividend.

In the fiscal year ending June 30, the software and services company bought back $19.54 billion worth of shares, with previous buybacks amounting to $10.72 billion.

During Satya Nadella’s tenure over the past five and a half years, Microsoft stock has almost quadrupled and eclipsed a trillion-dollar market cap.