When it comes to September 14, 2021 in Redmond, Wash., it’s Sept. 14, 2021. Microsoft Corp. stated on Tuesday that its board of directors declared a quarterly dividend of $0.62 per share, marking an increase of 6 cents or 11% over the payout of the prior quarter. On Dec. 9, 2021, shareholders of record on Nov. 18, 2021, will receive a dividend of $1.25 per share. November 17, 2021 will be the date of the ex-dividend date.
The company’s board of directors recently approved a $60 billion share repurchase program. There is no time limit on the new share repurchase program, thus it can be ended at any time.
Microsoft’s board of directors has approved Brad Smith’s appointment as president and vice chairman. CEO Satya Nadella: “This is a reflection of Brad’s unique leadership role for the company, our board of directors and myself with governments and other external stakeholders throughout the world. As before, Mr. Smith will continue to report to Mr. Nadella in his new role as chief operating officer.
On the other hand, on Nov. 30, 2021, the firm announced the date for the 2021 Annual Shareholders Meeting. Voting rights will be available to shareholders who hold their shares as of the close of business on September 30, 2021, the record date.
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.
What months do Microsoft pay dividends?
This month, the $2.2 trillion-dollar tech company announced a dividend hike of 11 percent. To stockholders of record as of Nov. 18, the payment will be made on Dec. 9. In terms of yield, Microsoft’s new quarterly dividend of $0.62 equals $2.48 per year, or around 0.8 percent.
Incredibly, the dividend rise actually accelerates from the 10% dividend increase the business had anticipated for 2020.
Microsoft’s board of directors also approved a $60 billion share repurchase program in connection with the 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 shares.
What is dividend next pay date?
Payment dates, often known as the pay or payable dates, are the dates on which a declared stock dividend is due to be paid to qualified shareholders. Up to one month following the end of the ex-dividend period, this date is available.
Does MSFT have a DRIP plan?
It is Microsoft’s transfer agent, Computershare, that manages the company’s direct stock purchase and dividend reinvestment plans. 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.
How do you find the dividend payout date?
A dividend is the payment of a portion of a company’s profits to a certain group of shareholders. A dividend check is the most common method of payment for dividends. But they may also receive more stock as compensation. After the ex-dividend date, which is the date on which the stock begins trading without the previously declared dividend, a check is mailed to shareholders.
Alternatively, dividends might be paid in the form of new stock. Dividend reinvestment is a typical feature of dividend reinvestment plans (DRIPs) offered by individual firms and mutual funds. The Internal Revenue Service (IRS) always considers dividends to be taxable income (regardless of the form in which they are paid).
Can I sell stock on the ex-dividend date?
Ex-Dividend Date Ownership Ex-dividend day is a trading day, and if the stock is sold before the market opens on that day, investors will still receive their dividend.
Will next give a dividend in 2021?
As at the close of business on 13 August 2021, shareholders of NEXT plc were entitled to a special dividend of 110 pence per share. As on August 12, 2021, the company’s stock will go ex-dividend.
How many shares of Microsoft Does Bill Gates Own?
It marks the first time in the company’s history that Microsoft founder Bill Gates is no longer the company’s largest shareholder. On Monday and Tuesday of this week, Bill Gates’ Microsoft (MSFT, Fortune 500) stock holdings were reduced by over 8 million shares, which places him behind Microsoft’s former CEO Steve Ballmer, who has 333 million shares.
At Microsoft’s IPO in 1986, Gates held 49 percent of the company, making him an immediate multi-millionaire. In the wake of Microsoft’s rapid expansion, he quickly became the world’s richest person, according to Forbes, 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 committed approximately $28 billion to the battle against hunger and poverty. The Bill & Melinda Gates Foundation, largely funded by his Microsoft fortune, has been his primary focus for the past six years.
Guess who’s going to heaven: the people who believe that “every generous deed is a stepping stone to heaven.”
