Microsoft Announces Quarterly Dividend Increase
0.75 per share payable Dec. 19
Microsoft Corporation (NASDAQ: MSFT) announced on Tuesday that its board of directors has declared a quarterly dividend of $0.75 per share, payable on December 19, 2023, to shareholders of record as of December 5, 2023.
This represents a 7.5% increase from the previous quarterly dividend of $0.62 per share. The new dividend yield is approximately 1.1% based on the current share price of $67.00.
Microsoft's decision to increase its dividend is a sign of confidence in its business performance and cash flow generation. The company has a strong track record of dividend growth, having increased its dividend for 10 consecutive years.
Highlights of Microsoft's Dividend Announcement:
- Quarterly dividend increased by 7.5% to $0.75 per share
- Dividend payable on December 19, 2023
- Dividend yield of approximately 1.1% based on current share price
- 10 consecutive years of dividend growth
Microsoft's dividend increase is a positive sign for investors, indicating that the company is confident in its future prospects. The company's strong cash flow generation and track record of dividend growth make it an attractive investment for income-seeking investors.
No comments :
Post a Comment