Microsoft had two pieces of good news for investors this morning. The world’s second most valuable company is increasing its shareholder payout by 10% and launching a $60 billion share buyback program.

One of the magnificent 7 stocks, Microsoft Corporation MSFT, is part of the $3 trillion club as its shares have seen an impressive run over the past few years. However, after hitting a record high on July 5,

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.

We recently compiled a list of the Jim Cramer’s Top 10 Stock Picks You Can’t Ignore. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against Jim Cramer’s top stock picks.