11% dividend increase
On Wednesday, Microsoft Corp. (MSFT) announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter’s dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. The ex-dividend date will be Nov. 20, 2019. See for more dividend details such as the dividend growth for 3,5,10 years on the Microsoft Corp. page.
The Microsoft stock is this year up +37.9% versus 21.7% for the S&P 500.
New share repurchase program
The board of directors also approved a new share repurchase program authorizing up to 40 billion in share repurchases. The new share repurchase program has no expiration date.
It is not the first time that Microsoft has purchased its own shares. Last year, shares were already purchased for $ 19.5 billion. That was as part of a share buyback program that was already announced in 2016.