Microsoft Raises Quarterly Dividend by 9.7% to 68 Cents
September 20 2022 - 09:45AM
Dow Jones News
By Colin Kellaher
Microsoft Corp. on Tuesday said its board raised the quarterly
dividend by 9.7% to 68 cents a share.
The new payout, equal to $2.72 a year, represents an annual
yield of about 1.11% based on Monday's closing price of $244.52, up
from 1.01%.
The Redmond, Wash., technology giant said the increased dividend
is payable Dec. 8 to shareholders of record Nov. 17.
Microsoft is among the largest U.S. dividend payers, with cash
payouts topping $18 billion for its most recent fiscal year ended
June 30.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 20, 2022 09:30 ET (13:30 GMT)
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