Microsoft Corporation (NASDAQ:MSFT) Declares $0.91 Quarterly Dividend

Microsoft Corporation (NASDAQ:MSFT) announced a quarterly dividend on Wednesday, June 10th. Shareholders of record on Thursday, August 20th will be given a dividend of 0.91 per share by the software giant on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, August 20th.

Microsoft has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 23 years. Microsoft has a dividend payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Microsoft to earn $19.28 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 18.9%.

Microsoft Stock Down 1.5%

NASDAQ MSFT opened at $397.36 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average is $410.24 and its two-hundred day moving average is $429.80. The company has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.45 and a beta of 1.11. Microsoft has a 1-year low of $356.28 and a 1-year high of $555.45.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.06 by $0.21. The company had revenue of $82.89 billion for the quarter, compared to the consensus estimate of $81.44 billion. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.46 earnings per share. Equities analysts forecast that Microsoft will post 16.76 earnings per share for the current fiscal year.

About Microsoft

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).