The $2.2 trillion computer giant announced a rise in its quarterly dividend of 11% earlier this month. The dividend is due on December 9th and will be distributed to stockholders on November 18th, according to the record date. Microsoft’s new quarterly dividend of $0.62 equates to an annual dividend yield of approximately 0.8%, or $2.48.
The dividend rise is impressive because it represents an acceleration of the 10% dividend increase planned by the firm in 2020.
Microsoft’s board of directors also approved a $60 billion share repurchase program in connection with the company’s dividend hike announcement. This increases the corporation’s ability to return cash to shareholders, albeit in the form of share buybacks, which increases shareholder ownership in the company.
Does Microsoft pay dividends 2021?
September 14, 2021 — Redmond, Washington — As of Tuesday’s announcement, Microsoft shareholders will receive a dividend of $0.62 per share, an 11 percent increase from the previous quarter’s quarterly dividend of $0.58 per share. On Dec. 9, 2021, shareholders of record on Nov. 18, 2021, will receive a dividend of $1.25 per share. It will be Nov. 17, 2021, before the ex-dividend date is set.
Share repurchases totaling up to $60 billion were also approved by the board of directors. At any point, the new share repurchase program, which has no expiration date, can be cancelled.
Microsoft’s board of directors has approved Brad Smith’s nomination as the company’s president and vice chairman. ‘This represents the unique leadership position that Brad plays for the firm, our board of directors and me, with governments and other external stakeholders throughout the world,’ said Satya Nadella, chairman and CEO of Microsoft. Mr. Smith will continue to report to Mr. Nadella in this new executive post.
On the other hand, on Nov. 30, 2021, the firm announced the date for the 2021 Annual Shareholders Meeting. The record date for shareholders’ voting rights is September 30, 2021, at the close of business.
With Satya Nadella, CEO; Amy Hood, CFO; Brad Smith VP and President; and John W. Thompson, lead independent director, Microsoft will host this year’s annual shareholders meeting online.
Do Tesla pay dividends?
Tesla has never paid a dividend to shareholders of its ordinary shares. We do not expect to pay any cash dividends in the near future because we plan to use all future earnings to fund future growth.
At what age did Bill Gates became a billionaire?
In 1987, Bill Gates became the world’s youngest billionaire. As a matter of fact, Microsoft cofounder Bill Gates became the world’s youngest billionaire in 1987, when he was just 31 years old. He was the richest man in the world in 1995, with a fortune estimated at $12.9 billion.
What was Microsoft stock worth in 1986?
At the IPO price of $21, you could have purchased 47.6 shares for $1,000.
On two occasions, Microsoft shares went through a 2:1 stock split: in 1987 and 1990. In 1991 and 1992, there were two more 3:2 stock splits. In 1994, 1996, 1998, 1999, and 2003, Microsoft shares divided 2:1 again.
In 35 years, those 47.6 Microsoft shares have grown into 13,708.80 Microsoft shares.
Based on Microsoft’s current share price of $268.73, the $1,000 investment is currently worth $3,683,965.
Does Starbucks dividend?
Is Starbucks a dividend-paying company, or does it not? If you own Starbucks Common Stock, you’ll receive a quarterly dividend of 41 cents, which is the current rate.
