Microsoft announces quarterly dividend increase

Rhea-AI Summary

Microsoft Corp. declared a quarterly dividend of $0.56 per share, a 10% increase from the previous quarter's dividend. This dividend is scheduled for payment on Dec. 10, 2020, to shareholders of record as of Nov. 19, 2020, with an ex-dividend date of Nov. 18, 2020. Additionally, the company announced its 2020 Annual Shareholders Meeting will occur on Dec. 2, 2020, and will be hosted virtually by key executives.

Positive

• 10% dividend increase signals financial confidence.
• Scheduled dividend payment supports shareholder income.

Negative

• None.

REDMOND, Wash., Sept. 15, 2020 /PRNewswire/ -- Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.56 per share, reflecting a five cent or 10% increase over the previous quarter's dividend. The dividend is payable Dec. 10, 2020, to shareholders of record on Nov. 19, 2020. The ex-dividend date will be Nov. 18, 2020.

In addition, the company announced the date for the 2020 Annual Shareholders Meeting, to be held Dec. 2, 2020. Shareholders at the close of business on Oct. 8, 2020, the record date, will be entitled to vote their shares.

This year's annual shareholders meeting will be held virtually and hosted by Satya Nadella, chief executive officer; Amy Hood, chief financial officer; Brad Smith, president and chief legal officer; and John W. Thompson, Microsoft independent board chair.

Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

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SOURCE Microsoft Corporation

FAQ

What is the new dividend amount for Microsoft (MSFT)?

The new dividend amount is $0.56 per share.

When will the dividend be paid to Microsoft (MSFT) shareholders?

The dividend will be paid on Dec. 10, 2020.

What is the ex-dividend date for Microsoft's (MSFT) latest dividend?

The ex-dividend date is Nov. 18, 2020.

What was the percentage increase in Microsoft's (MSFT) dividend?

The dividend increased by 10%.

When is the Microsoft (MSFT) Annual Shareholders Meeting?

The meeting is scheduled for Dec. 2, 2020.