Microsoft Increases Dividend 23%
Microsoft (MSFT) has announced a 23% increase to its dividend rate, boosting quarterly payments from $0.13 to $0.16 per share.
The ex-dividend date for MSFT’s next payout is November 16. You can read the full press release here.
Microsoft had paid $0.13 each of the last eight quarters, and has now raised its dividend five times since initiating quarterly payments in 2004. By paying $0.64 on an annual basis moving forward, the company now pays double its original dividend rate of $0.32.
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