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

Microsoft Corporation (NASDAQ:MSFT) announced a quarterly dividend on Wednesday, June 10th. Stockholders 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) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, August 20th.

Microsoft has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 23 consecutive years. Microsoft has a dividend payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

NASDAQ MSFT opened at $397.36 on Thursday. Microsoft has a 52 week low of $356.28 and a 52 week high of $555.45. The firm has a market capitalization of $2.95 trillion, a P/E ratio of 23.65, a PEG ratio of 1.45 and a beta of 1.11. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $410.24 and a 200-day moving average price of $429.80.

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