Shares of Microsoft Corp. advanced 1.83% to $438.69 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.70% to 5,713.64 and the Dow Jones Industrial Average rising 1.

Microsoft shares rose for the the seventh consecutive session on Tuesday, with the latest gains coming after the tech giant hiked its quarterly dividend by 10% and approved a $60 billion stock buyback.

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.

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

Shares of Microsoft Corp. slumped 1.00% to $430.81 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.29% to 5,618.26 and Dow Jones Industrial Average falling 0.

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