Microsoft Announces Dividend Hike, Extending Dividend Growth Streak
A 10% Quarterly Dividend Increase for MSFT Stock
Microsoft Corporation (NASDAQ: MSFT), the world-renowned software behemoth, announced a 10% increase in its quarterly dividend on Tuesday, September 19, 2023. This move marks a continuation of Microsoft's longstanding commitment to shareholder returns through consistent dividend growth.
A History of Dividend Growth
Microsoft's dividend increase extends its impressive track record of dividend growth. The company has consistently raised its dividend over the past several years, reflecting its strong financial health and confidence in its future prospects. The latest increase brings Microsoft's quarterly dividend to $0.68 per share, payable on December 19, 2023, to shareholders of record on November 28, 2023.
The dividend increase is a testament to Microsoft's robust business performance and commitment to returning value to its shareholders. The company has consistently delivered strong financial results, driven by the success of its cloud computing, software subscription, and hardware businesses.
Investors have welcomed the news of the dividend increase, signaling their confidence in Microsoft's long-term growth prospects. The hike is expected to further enhance the company's appeal to income-oriented investors seeking a reliable source of returns in their portfolios.
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