Microsoft board of directors announces role changes and quarterly dividend

Rhea-AI Summary

Microsoft Corp. announced leadership changes as Satya Nadella was elected board chair, with John W. Thompson serving as lead independent director. Nadella will guide the board’s agenda, identifying strategic opportunities and risks. The board also declared a quarterly dividend of $0.56 per share, payable on Sept. 9, 2021, to shareholders on record by Aug. 19, 2021. The ex-dividend date is Aug. 18, 2021.

Positive

• Satya Nadella's election as board chair may enhance strategic direction and risk management.
• Declaring a quarterly dividend of $0.56 supports shareholder income and confidence.

Negative

• None.

REDMOND, Wash., June 16, 2021 /PRNewswire/ -- Microsoft Corp. on Wednesday announced that the board's independent directors unanimously elected Satya Nadella to the role of board chair, and unanimously elected John W. Thompson as lead independent director, a role he held previously from 2012 to 2014.

In this role, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board's review. As lead independent director, Thompson will retain significant authority including providing input on behalf of the independent directors on board agendas, calling meetings of the independent directors, setting agendas for executive sessions, and leading performance evaluations of the CEO.

In addition to these role changes, the board declared a quarterly dividend of $0.56 per share. The dividend is payable Sept. 9, 2021, to shareholders of record on Aug. 19, 2021. The ex-dividend date will be Aug. 18, 2021.

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 Corp.

FAQ

What is the MSFT dividend amount for September 2021?

The dividend amount is $0.56 per share.

When is the ex-dividend date for Microsoft's dividend?

The ex-dividend date is August 18, 2021.

When will Microsoft pay its quarterly dividend to shareholders?

The dividend will be payable on September 9, 2021.

Who were elected to leadership roles in the Microsoft board?

Satya Nadella was elected board chair and John W. Thompson as lead independent director.