Dividend Increase Announcement
On September 18th, Microsoft announced a dividend increase of 11%. This will increase their dividend per quarter from $0.46 to $0.51. It is payable on December 12th for shareholders of record on November 21st. The new quarterly dividend represents an annualized dividend amount of $2.04 per share as compared to the current annualized dividend amount of $1.84 per share.
Microsoft Dividend Information
Annual Dividend: $2.04
Dividend Yield: 1.47%
Dividend Growth History: 15 years
Payout Ratio: 48%
Dividend Increase Affect On More Dividends
I am currently holding 9.343 shares of Microsoft. With this 11% increase it will add an additional $1.87 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Microsoft has been in my portfolio for a few years now. I originally bought into the position using the Loyal3 platform before moving the shares over to my regular brokerage account. I acquired the shares at an amazing price. The unfortunate part is that I don’t know when I am going to be able to add to the position because it has more than doubled since then.
Needless to say, I would love to add to the position but the share price would have to make more than a 50% drop for me to do that. So for now, I will just continue to hold and allow the dividends to continue to build the position for me a little bit at a time.
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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