Dividend Increase Announcement
On September 18th, Microsoft announced a dividend increase of 9.5%. This will increase their dividend per quarter from $0.42 to $0.46. It is payable on December 13th for shareholders of record on November 15th. The new quarterly dividend represents an annualized dividend amount of $1.84 per share as compared to the current annualized dividend amount of $1.68 per share.
Microsoft Dividend Information
Annual Dividend: $1.84
Dividend Yield: 1.61%
Dividend Growth History: 14 years
Payout Ratio: 43.3%
Dividend Increase Effect On More Dividends
I am currently holding 9.169 shares of Microsoft. With this 9.5% increase it will add $1.47 to my Projected Annual Dividend Income.
Microsoft is a great position that I bought early. My big complaint is that I didn’t buy enough. If you were following the blog back in early 2016 you might remember when I started this position using the loyal3 app. Unfortunately since then the share price has just continued to go up. Loyal3 shut down which led me to holding the position in a taxable individual account.
I have no intention of selling this position. As a matter of fact, I actually long to be able to build more on this position. I will continue to be patient until that time happens! I love this big increase from Microsoft and I look forward to many more!!!
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in Microsoft? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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