Microsoft, Hewlett-Packard and Nike plans to buy back a combined $53 billion of their companies’ stock

With a view to magnetize investors and to build confidence in the market Microsoft, Hewlett-Packard (H.P) and Nike individually declared plans to buy back a collective $53 billion of their companies’ shares.

Microsoft announced to increase its quarterly dividend by 2 cents, to 13 cents a share and to buy back $40 billion of its shares while H.P. and Nike announced to repurchase $8 billion and $5 billion in shares respectively.

The motive behind repurchase is to develop company’s status in the market and to boost investors confidence for the company. By buying back the shares earning per share for the company share will increase for among the investors as number of shares in the market will reduce.

Both Hewlett and Nike are in the course of an earlier set of stock buybacks; Hewlett even now had $3 billion left in a repurchasing plan announced in November 2007. For the duration of that period, the company’s stock lost approximately 13 percent of its value.

In the course of a wide sell-off Hewlett’s shares further knock down 2.3 percent on Monday, to $47.16.

Bruce Bittles, the chief investment strategist at Robert W. Baird & Company stated that if companies consider that their stock is conveniently economical and if there are some bright new perspectives, they are probable to repurchase their stocks.

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