heading out of 2011, the company continues trading at a P/E that's attractive and is committed to paying back shareholders through its continuing growth of its dividend payout. For Microsoft, the opportunity isn't necessarily huge growth in the years ahead; it's that the company trades cheaply and is increasingly receptive to returning capital back to shareholders.
see http://www.fool.com/investing/dividends-income/2011/12/29/microsoft-in-2011-some-big-gains-and-upcoming-chal.aspx
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