Microsoft announces quarterly dividend

Shares of Microsoft Corp. MSFT, -0.84% fell 0.7% in premarket buying and selling Tuesday, after the software program behemoth stated it raised its quarterly dividend by 9.7%, to 68 cents a share from 62 cents a share. The brand new dividend might be payable Dec. 8 to shareholders of file on Nov. 17.
Based mostly on Monday’s inventory closing worth of $244.52, the brand new annual dividend fee implies a dividend yield of 1.11%, which compares with the yield for the SPDR Expertise Choose Sector ETF XLK, -0.30% of 0.96% and the implied yield for the S&P 500 SPX, -0.85% of 1.70%. Microsoft’s inventory has tumbled 27.3% 12 months to this point by means of Monday, whereas the Dow Jones Industrial Common DJIA, -0.84% has declined 14.6%.
As well as, the corporate introduced the date for the 2022 Annual Shareholders Assembly, to be held Dec. 13, 2022. Shareholders on the shut of enterprise on Oct. 12, 2022, the file date, might be entitled to vote their shares.
This 12 months’s annual shareholders assembly might be held just about and hosted by Satya Nadella, chairman and chief government officer; Amy Hood, government vice chairman and chief monetary officer; Brad Smith, vice chair and president; and John W. Thompson, Microsoft lead unbiased director.
Microsoft (Nasdaq “MSFT” @microsoft) permits digital transformation for the period of an clever cloud and an clever edge. Its mission is to empower each individual and each group on the planet to realize extra.

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