REDMOND, Wash., Sept. 18, 2019 /PRNewswire/ -- Microsoft Corp. on Wednesday announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter's dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. The ex-dividend date will be Nov. 20, 2019. The board of directors also approved a new share repurchase program authorizing up to $40 billion in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time. In addition, the company announced the date for the 2019 Annual Shareholders Meeting, to be held on Dec. 4, 2019. Shareholders at the close of business on Oct. 8, 2019, the record date, will be entitled to vote their shares. This year's annual shareholders meeting will be held virtually and hosted by Satya Nadella, chief executive officer; Amy Hood, chief financial officer; Brad Smith, president and chief legal officer; and John W. Thompson, Microsoft (MSFT) independent board chair. A virtual meeting format provides a consistent experience to all shareholders regardless of location, as well as the opportunity for global, multilingual and interactive access to a dialogue with its senior executives and directors. As with previous shareholders meetings, a business update from senior executives will be followed by a 30-minute question and answer session with shareholders. Microsoft's board of directors will also attend the meeting to hear shareholders' questions and feedback. More information about the virtual format can be found on the Microsoft On the Issues blog. In addition to providing the live webcast of the annual meeting, shareholders will have the option to view the annual meeting through Microsoft Teams at www.microsoft.com/investor. As with previous meetings, the transcript with video and audio of the entire meeting will be available on the Microsoft Investor Relations website following the meeting. Questions 1. Use financial statements in the firms 10-K for the fiscal year ended June 30, 2019 (Source: SEC Edgar or the companys website). What is Microsofts basic EPS for the fiscal year 2019? 2. The dilutive effect of options outstanding is included in the difference between basic EPS and diluted EPS. How large is this effect on Net income available to Common shareholders? How large is this effect on weighted shares of common stock outstanding? 3. Is there a dilutive effect from any other potential diluter? If so, describe the magnitude of this effect. 4. Microsoft stocks soared after the announcement of the new repurchase program and the increase in quarterly dividends. Briefly explain why you think the market reacted positively. 5. If the company had the authorization and according used all the funds in this share repurchase program on January 2, 2019, what would Microsofts basic EPS have been for fiscal year 2019? Compare it to the reported basic EPS. 6. Open Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Commonly known as Schedule 14A or Proxy Statement) disclose compensation of directors and executives. What is the total compensation of the CEO, Satya Nadella, for the fiscal year ended on June 30, 2019? (Source: Summary compensation table from the DEF 14A filing) 7. Starting from 2017, the proxy statements have to disclose CEO Pay ratios, i.e., the ratio of CEO pay to the median employee pay. What is CEO Pay Ratio for Microsoft? What is it for Facebook for the fiscal year ended on December 31, 2019? Briefly discuss the difference in the ratio.