Microsoft Corporation (NASDAQ:MSFT) declared a quarterly dividend on Tuesday, September 19th, RTT News reports. Stockholders of record on Thursday, November 16th will be paid a dividend of 0.42 per share by the software giant on Thursday, December 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39.
Microsoft Corporation has raised its dividend by an average of 14.9% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Microsoft Corporation has a dividend payout ratio of 49.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Microsoft Corporation to earn $3.75 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 44.8%.
Microsoft Corporation (NASDAQ MSFT) opened at $83.93 on Tuesday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a fifty-two week low of $57.28 and a fifty-two week high of $86.20. The stock has a market cap of $647,022.69, a P/E ratio of 24.81, a PEG ratio of 1.96 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter last year, the business earned $0.76 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. research analysts forecast that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
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In other news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the sale, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,763 shares of company stock worth $7,574,552. 1.49% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. AlphaMark Advisors LLC raised its holdings in shares of Microsoft Corporation by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares in the last quarter. Simonbaker & Partners LLC raised its holdings in shares of Microsoft Corporation by 0.4% during the 2nd quarter. Simonbaker & Partners LLC now owns 11,364 shares of the software giant’s stock worth $783,000 after acquiring an additional 40 shares in the last quarter. Arcus Capital Partners LLC raised its holdings in shares of Microsoft Corporation by 1.4% during the 2nd quarter. Arcus Capital Partners LLC now owns 3,159 shares of the software giant’s stock worth $218,000 after acquiring an additional 45 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its holdings in shares of Microsoft Corporation by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 19,112 shares of the software giant’s stock worth $1,317,000 after acquiring an additional 55 shares in the last quarter. Finally, Affinity Wealth Management raised its holdings in shares of Microsoft Corporation by 1.3% during the 2nd quarter. Affinity Wealth Management now owns 4,902 shares of the software giant’s stock worth $338,000 after acquiring an additional 61 shares in the last quarter. 73.37% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on the company. UBS AG set a $105.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Thursday, November 9th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft Corporation in a research note on Tuesday, November 7th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $100.00 price target on shares of Microsoft Corporation in a research note on Friday, November 3rd. Vetr raised Microsoft Corporation from a “sell” rating to a “hold” rating and set a $82.07 price target for the company in a research note on Tuesday, October 31st. Finally, Argus raised Microsoft Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $57.28 to $95.00 in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $83.86.
About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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