Microsoft's share repurchase program, which has no expiration date, replaces its previous $60 billion authorization announced four years ago. Meanwhile, investors also cheered the news that shareholders of record as of Nov. 21 will receive a quarterly dividend of 83 cents per share, up from the current 75 cents a share.

One of the magnificent 7 stocks, Microsoft Corporation MSFT, is part of the $3 trillion club as its shares have seen an impressive run over the past few years. However, after hitting a record high on July 5,

Shares of Microsoft Corp. inched 0.88% higher to $435.15 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.03% to 5,634.58 and the Dow Jones Industrial Average falling 0.