When it comes to September 14, 2021 in Redmond, Wash., it’s Sept. 14, 2021. Following the previous quarter’s payout, the board of directors of Microsoft Corporation declared a quarterly dividend of $0.62 per share, representing an increase of 6 cents or 11%. The dividend will be paid on December 9th, 2021, to shareholders whose shares were on record as of November 18th, 2021. November 17, 2021 will be the date of the ex-dividend date.
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 canceled.
A vote by Microsoft’s board of directors has confirmed Brad Smith’s nomination as president and vice chairman. Satya Nadella, Microsoft’s chairman and CEO, remarked that “this represents the unique leadership role Brad plays for the firm, our board of directors and me, with governments and other external stakeholders throughout the world.” 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. Voting rights will be granted to shareholders who hold their shares as of the record date of September 30, 2021.
Satya Nadella, chairman and CEO, Amy Hood, CFO, Brad Smith, president and vice chairman, and John W. Thompson, Microsoft’s lead independent director, will host this year’s virtual annual shareholders meeting.
What months do Microsoft pay dividends?
When it comes to the quarterly dividend, the $2.2 trillion-dollar internet giant announced an 11 percent hike earlier this month. To stockholders of record as of Nov. 18, the payment will be made on Dec. 9. Microsoft’s new quarterly dividend of $0.62 equals $2.48 per year, providing the company a dividend yield of around 0.8 percent.
Incredibly, the dividend rise actually accelerates from the 10% dividend increase the company had planned for 2020, which is quite an accomplishment.
Microsoft’s board of directors also approved a $60 billion share repurchase program in connection with the company’s dividend hike announcement. As a result, the corporation now has even more options for returning funds to shareholdersalbeit indirectly, through growing shareholder ownership in the company by repurchases of stock.
What is next ex-dividend date?
One business day prior to the record date, known as the ex-dividend day, stockholders are often informed of their stock’s ex-dividend date. To the seller’s advantage, the next dividend will instead be paid to them. It is possible to get a dividend if you buy the stock prior to the ex-dividend date.
Does MSFT have a DRIP plan?
A direct stock purchase plan and a dividend reinvestment plan are administered by Microsoft’s transfer agent, Computershare. Please call Computershare directly at (800) 285-7772, Option 1, during the hours of 8 A.M 8 P.M Eastern Time, Monday Friday, and 9 A.M.5:30 P.M Eastern Time on Saturday to find out more about these programs. You may also watch the show online by visiting the website.
Can I sell stock on the ex-dividend date?
Ex-Dividend Day Ownership Regardless of when an investor sells their stock on the ex-dividend day, the dividend will still be deposited into his or her account on the date of the dividend distribution.
What happens if I sell shares on the ex-dividend date?
- Before the ex-dividend date, also known as the ex-date, a stockholder cannot collect a dividend from the corporation if they sell their shares
- This is the day on which new shareholders are not entitled to the next dividend payment; but, if they continue to retain their stock, they may be eligible for the next payout.
- On or after the ex-dividend date of an investment, shareholders will still be entitled to the dividend payment on those shares they sold.
- Your name does not appear in the company’s record book immediately after you buy shares; this process can take up to three days.
How many shares does Bill Gates own in Microsoft?
It marks the first time in the company’s history that Microsoft founder Bill Gates is no longer the company’s largest stakeholder.. He has sold about 8 million shares of Microsoft (MSFT, Fortune 500) stock in the last two days, increasing his total to about 330 million, which places him behind Microsoft’s former CEO Steve Ballmer who owns 333 million shares of the company.
At Microsoft’s IPO in 1986, Gates held 49 percent of the company, making him an immediate multi-millionaire. With Microsoft’s rapid expansion, he quickly became the richest person in the world, according to Forbes, and has held that rank ever since, with a fortune of $77 billion.
In February 2000, Gates relinquished the CEO post to Ballmer and assumed the position of chairman. One-third of his time is spent as a technology advisor to the new Microsoft CEO, Satya Nadella; he remains on the board of directors.
Mr. Gates’ first hire, Ballmer, was Microsoft CEO until earlier this year, when he was replaced. Bill Gates, who has always held the majority stake in his company’s stock, is transferring the baton. Since its inception in 1997, the foundation has spent more than $28 billion battling poverty and hunger. With his Microsoft fortune providing much of the funding for the Bill & Melinda Gates Foundation for the past six years, his primary focus has been on charitable giving.
Guess who’s going to heaven: the people who believe that “every generous deed is a stepping stone to heaven.”
What is the dividend yield for Tesla?
Data on Tesla’s (TSLA) dividend payments and yields since 1971. Currently, Tesla (TSLA) is paying out $0.00 in dividends over the last 12 months. As of December 3, 2021, Tesla’s dividend yield is 0.00 percent.
