Shares of Microsoft Corp. dropped 0.78% to $435.27 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.09% to 42,063.36 and the S&P 500 Index falling 0.

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.

Speculation is rife about when a Microsoft stock split could come in 2024 after the monster rally in the share price. What can we expect from MSFT?

Microsoft has announced a $60 billion stock buyback plan, the largest in its history, and a 10% dividend increase.

Microsoft's latest share repurchase plan is expected to please income-oriented investors. Is it the right time to buy the MSFT stock?