Software company Microsoft Corp. (MSFT) announced that its board of directors declared a quarterly dividend of $0.56 per share, reflecting a $0.05 or 10% increase over the previous quarter’s dividend.
Microsoft is a dividend achiever which has managed to increase annual dividends for 17 consecutive years. The forward annual dividend is $2.24 and the forward dividend yield just above 1%. The 10% dividend growth rate over 5 years is in line with the last dividend increase. The dividend is payable Dec. 10, 2020, to shareholders of record on Nov. 19, 2020. The ex-dividend date will be Nov. 18, 2020.
Earnings per share have increased from $2.69 per share in 2011 to $5.76/share in 2020. Microsoft is expected to generate $6.46 per share in 2021 and $7.34 per share in 2022.
Here is an overview of MSFT’s dividend payment history: