Microsoft Announces Dividend Hike
Continued Growth and Shareholder Return
Dividend Increase and Recent Payments
On April 22, 2022, Microsoft announced a 10% increase in its quarterly dividend, bringing it to $0.68 per share. This marks a consistent pattern of dividend growth over the past decade, demonstrating the company's commitment to returning value to shareholders.
Microsoft's annual dividend currently stands at $3.00 per share, with a forward yield of 0.74%. The dividend is paid on a quarterly basis, with the ex-dividend date set for May 15, 2024. The most recent dividend payment of $0.75 per share was distributed on March 14, 2024.
In addition to the dividend increase, Microsoft also announced a new share repurchase authorization of up to $60 billion. This authorization is expected to further enhance shareholder value by reducing the number of outstanding shares.
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