Microsoft Announces Dividend Payment and Ex-Dividend Date
Quarterly Dividend of $0.75 per Share
Microsoft Corporation (MSFT) announced a quarterly dividend payment of $0.75 per share to shareholders of record as of November 15, 2023. The dividend will be paid on December 14, 2023.
Next Ex-Dividend Date
The ex-dividend date for the next dividend payment is May 15, 2024. Investors who purchase Microsoft shares on or after this date will not be eligible for the current dividend payment.
Dividend History and Yield
Microsoft has consistently paid quarterly dividends since 2003. The company's annual dividend is currently $3.00 per share, resulting in a forward yield of approximately 0.74%. This is comparable to the sector median yield of 0.00%.
Dividend Growth and Payout
Microsoft has a history of increasing its dividend payments. The company has announced 14 consecutive quarterly dividend increases. Its payout ratio, the percentage of earnings paid out as dividends, is currently estimated to be around 9%. This suggests that Microsoft has ample room to continue increasing its dividend in the future.
Key Dates
The following table summarizes key dates related to Microsoft's dividend:
| Date | Event |
|---|---|
| November 15, 2023 | Record date |
| December 14, 2023 | Payment date |
| May 15, 2024 | Ex-dividend date |
Disclaimer
The information provided in this article is for informational purposes only and should not be construed as financial advice. Investors should always consult with a qualified financial professional before making any investment decisions.
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