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Microsoft Just Raised Its Dividend By Double Digits: What Investors Need to Know [Yahoo! Finance]

Microsoft Corporation (MSFT) 
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Company Research Source: Yahoo! Finance
Although artificial intelligence (AI) stocks aren't exactly known for their dividends, some of these tech giants are now beginning to pay out dividends and to grow them by double-digit percentages. In fact, on Monday, the oldest dividend payer of the big AI tech stocks, Microsoft (NASDAQ: MSFT) , announced a dividend increase of more than 10%. Here are the essential things to know about Redmond's new bigger payout to owners. A hike coming for shareholders in December Microsoft announced it would raise its quarterly payout from $0.75 to $0.83, good for a 10.7% increase. The hike will go into effect for the December dividend payout, which will go to holders of the stock as of Nov. 20, with an ex-dividend date of Nov. 21. However, the new dividend yield at today's share price would only amount to roughly 0.8%. In addition to the dividend hike, Microsoft also authorized a $60 billion share buyback program. When a company repurchases its shares, that lowers the share count, incr Show less Read more
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