Microsoft announced a special $3 per share dividend, $30 billion stock repurchase, and a doubling of it's current dividend.
As time allows, I'll examine "dividend capture" opportunities for this special $3 per share special dividend.
Here is the text from Microsoft's announcement of July 20, 2004 :
Microsoft Outlines Quarterly Dividend, Four-Year Stock Buyback Plan, And Special Dividend to Shareholders
Company Is Confident About Future Growth and Innovation Opportunities, Plans to Provide Up to $75 Billion in Value to Shareholders Over Next Four Years