REDMOND, WA 14 SEPTEMBER 2021 Microsoft Corp. stated on Tuesday that its board of directors has declared a quarterly dividend of $0.62 per share, up 6 cents or 11% from the previous quarter’s payout. The dividend will be paid on December 9, 2021, to shareholders who were on the register on November 18, 2021. The ex-dividend date for this stock will be November 17, 2021.
The board of directors also approved a fresh share repurchase program with a maximum limit of $60 billion. The new share repurchase program has no set end date and can be ended at any moment.
Microsoft’s board of directors has approved Brad Smith’s appointment as president and vice chair. “This represents Brad’s unique leadership position in interacting with governments and other external stakeholders throughout the world for the firm, our board of directors, and myself,” said Satya Nadella, chairman and chief executive officer of Microsoft. Mr. Smith’s executive role has been revised, and he will continue to report to Mr. Nadella.
The business also announced the date for the 2021 Annual Shareholders Meeting, which will take place on November 30, 2021. Shareholders will be able to vote their shares at the close of business on September 30, 2021, the record date.
Satya Nadella, chairman and chief executive officer; Amy Hood, chief financial officer; Brad Smith, president and vice chair; and John W. Thompson, Microsoft lead independent director, will host this year’s annual shareholders meeting virtually.
Does Tesla pay a dividend?
Tesla’s common stock has never paid a dividend. We want to keep all future earnings to fund future expansion, so no cash dividends are expected in the near future.
What is the dividend yield for Tesla?
Since 1971, Tesla’s (TSLA) dividend payout and yield have been tracked. Tesla (TSLA) has a current TTM dividend payout of $0.00 as of December 03, 2021. Tesla’s current dividend yield is 0.00 percent as of December 03, 2021.
How many shares of Microsoft Does Bill Gates Own?
Bill Gates, the founder of the world’s largest software conglomerate, is no longer a major shareholder in Microsoft for the first time in the company’s history. Mr. Gates has sold over 8 million shares of Microsoft (MSFT, Fortune 500) in the last two days, increasing his total to around 330 million, putting him behind Microsoft’s former CEO Steve Ballmer, who holds 333 million shares.
When Microsoft went public in 1986, Gates held 49 percent of the company, making him a multi-millionaire overnight. With Microsoft’s extraordinary development, he quickly became the world’s richest person, and he still holds that distinction today, according to Forbes, with a fortune of $77 billion.
In 2000, Gates passed over the CEO position to Ballmer, and in February, he became chairman. He remains on the board and devotes one-third of his time to new Microsoft CEO Satya Nadella as a technological consultant.
Ballmer was Microsoft’s CEO until earlier this year, and was one of Mr. Gates’ earliest recruits. Bill Gates, who has always been the sole owner of his company’s stock, is handing up the reins. Since its inception in 1997, the foundation has spent more than $28 billion battling poverty and hunger. His main focus at the Bill & Melinda Gates Foundation, which is mostly funded by his Microsoft fortune, has been on philanthropy for more than six years.
“Every humanitarian deed is a stepping stone to paradise,” they say, and guess who will go to heaven eventually.
Does Voo ever split?
Vanguard stated today that it will declare forward share splits in late April to expand access to three Vanguard ETFs:
- The Vanguard Russell 1000 Value ETF (VONV, CUSIP: 92206C714) will be divided in half.
- The Vanguard Russell 1000 Growth ETF (VONG, CUSIP: 92206C680) will be split four ways for the first time.
The 2-for-1 splits of VONV and VTWO will cut the price per share of each ETF in half while doubling the number of shares outstanding. VONG’s price per share will be lowered in half and the number of shares will be quadrupled as a result of the 4-for-1 split.
April 20 is likely to be the effective date of the split, when the shares will begin trading at their new prices.
“Vanguard carefully analyzes fund health to ensure that funds are performing as intended, are being used responsibly, and are aligned with investor-desired outcomes,” said Kaitlyn Caughlin, head of Vanguard Portfolio Review Department. “Vanguard uses ETF share splits to keep share prices within efficient and accessible trading ranges, which benefits ETF-centric portfolio investors by minimizing uninvested funds in client accounts.”
The splits will have no effect on the total market value of each ETF. The splits will be exempt from taxation. The prices of the three funds’ traditional (non-ETF) mutual fund shares will not be changed.
Our process for share splits
Vanguard conducted a thorough review of various criteria, including market prices, bid-ask spreads, and trading volumes, before deciding to implement forward share splits for the three ETFs. At current time, these three ETFs meet Vanguard’s requirements for conducting a share split.
Advisors should be able to use these ETFs more efficiently as a result of the splits, especially when rebalancing client portfolios.
Vanguard examines its ETFs from time to time to see if the appropriate deployment of share splits might benefit present and potential investors. The April splits will be Vanguard’s first ETF splits since the 1-for-2 reverse split of Vanguard S&P 500 ETF (VOO, CUSIP 922908363) in 2013.
As of December 31, 2020, the three ETFs slated for share splits had a total net asset value of almost $13 billion with expense ratios ranging from 0.08 percent for VONG and VONV to 0.10 percent for VTWO, compared to the industry average of 0.15 percent for general equities ETFs (source: Morningstar, Inc.).
Vanguard is a global leader in the ETF market, with $1.7 trillion in assets under administration, including 81 ETFs based in the United States.
* The share split will affect all shareholders who own shares as of Monday, April 19, 2021, at the conclusion of business. On April 19 and 20, investors will not be able to convert these funds’ mutual fund shares to ETF shares. When trading resumes on April 20, the split-adjusted prices are likely to take effect.
- Obtain a prospectus (or summary prospectus, if available) or contact 800-997-2798 for additional information on Vanguard funds or Vanguard ETFs. The prospectus contains important information such as investment objectives, risks, charges, and expenses; read it carefully before investing.
- Except in very large aggregations worth millions of dollars, Vanguard ETF Shares are not redeemable with the issuing fund. Investors must instead purchase and sell Vanguard ETF Shares on the secondary market and keep them in a brokerage account. The investor may incur brokerage costs as a result of this, as well as paying more than net asset value when purchasing and receiving less than net asset value when selling.
- Investing entails risk, which includes the possibility of losing your money. Diversification does not guarantee a profit or protect you from losing money.
- The prices of mid- and small-cap stocks fluctuate more than the prices of large-cap companies.
- CGS IDs were issued by CUSIP Global Services, which is maintained on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC. They are not to be used or disseminated in a way that would make any CUSIP service obsolete. American Bankers Association, CUSIP Database, 2021. The American Bankers Association owns the trademark “CUSIP.”
