Microsoft hikes dividend by 10.3% to $0.75 quarterly per share

On September 19, 2022, Microsoft (MSFT) declared a $0.75 per share quarterly dividend, up 10.3% from the previous quarterly dividend of $0.68 per share. Last year MSFT hiked its dividend by 9.7%. The dividend yield will jump to 0.9% based on a new annual dividend of $3.00 per share and a stock price of $328 for Microsoft.

This marks 21 consecutive years of dividend increases by the technology company. The next Microsoft dividend is payable December 14, 2023, to shareholders of record on November 16, 2023. The ex-dividend date will be November 15, 2023. Microsoft will now pay an estimated $22.3 billion in dividends to shareholders annually.

Microsoft Corporation is a technology company. The company develops, licenses, and supports software products, services and devices. The company's products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; and video games. Microsoft also manufactures devices, including PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories.The company offers an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content. Microsoft also provides solution support and consulting services and delivers relevant online advertising to a global audience. Microsoft was founded in 1975 and has paid a dividend every year since 2003.