Microsoft gives back to shareholders, raises quarterly dividend by almost 10%
This year, Microsoft’s quarterly financial results have been nothing but impressive, and it seems the time has come to give back to shareholders. Yesterday, the company announced a quarterly dividend of $0.46 per share ahead of its annual shareholders meeting on November 28. This represents a 4 cent or 9.5 percent increase over the previous quarter’s dividend, the company said.
As you may know, this is a pretty good time to be a Microsoft shareholder. The company’s US stock price crossed $100 per share this summer, and Satya Nadella’s cloud and enterprise-focused strategy seems to be doing very well for Redmond. Obviously, Microsoft hasn’t forgotten about consumers and Windows, Surface and Xbox are all healthy businesses. You could argue that Microsoft would probably be in an even better position if it succeeded with its own mobile platform, but the company embraced iOS and Android devices in a pretty big way this year.
It will be interesting to see how Microsoft’s market performance evolves as the company continues its mission to empower every person and every organization on the planet to achieve more. Let us know in the comments if you think now is a good time to buy Microsoft stock.Further reading: Annual Shareholder Meeting, Microsoft, Shareholder