© Reuters. Microsoft (MSFT) Hikes Dividend 10%, Topping Inflation Fee
By Investing.com Employees
With shares down 27% year-to-date, Microsoft (NASDAQ:)shareholders have not had a lot to cheer about this yr. This morning, nevertheless, the corporate introduced one other 10% dividend hike. Whereas the dividend yield is only one.1%, the ten% hike is best than the present inflation fee of 8.3%.
The tech big declared a quarterly dividend of $0.68 per share, or $2.72 annualized. This can be a 10% improve from the prior dividend of $0.62. The dividend might be payable on December 8, 2022, to stockholders of document on November 17, 2022, with an ex-dividend date of November 16, 2022.
Microsoft additionally introduced the date for the 2022 Annual Shareholders Assembly, to be held Dec. 13, 2022. Shareholders on the shut of enterprise on Oct. 12, 2022, the document date, might be entitled to vote their shares.
The corporate has grown its dividend yearly for the previous 12 years and the quarterly dividend is up 8.5 fold from its first dividend of $0.08 per share in FY2004.