Dividend Increase Announcement
On September 20th, Microsoft announced a dividend increase of 10%. This will increase their dividend from $0.62 to $0.68. It is payable on December 8th for shareholders of record on November 17th. The new monthly dividend represents an annualized dividend amount of $2.72 per share as compared to the current annualized dividend amount of $2.48 per share.
Microsoft Dividend Information
Annual Dividend: $2.72
Dividend Growth History: 19 years
Dividend Yield: 1.13%
Dividend Increase Effect
I am currently holding 9.624 shares of Microsoft stock in the More Dividends portfolio. With this 10% increase it will add an additional $2.31 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
To Learn More About Dividend Investing Check Out This Book Called DIVIDEND INVESTING FOR BEGINNERS.
Current Stock Position
Microsoft was one of the first positions that I ever started in the More Dividends portfolio. I slowly started building the position by dollar cost averaging using a platform of the time called Loyal3.
Long ago, Loyal 3 shut down and I moved the Microsoft position into my individual investment account. Since moving the stock, the share price has done nothing but go up and up some more. Which is great in theory but I would have loved to have built a bigger position before the share price went up so much.
I see nothing but good things in the future for the company so I will continue to reinvest the dividends while I patiently wait for a buying opportunity.
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
Recent Dividend Increases in Portfolio
Verizon Increases Their Dividend by 2% in 2022
Realty Income Increases Their Dividend by 0.2% in 2022 ONCE AGAIN!!!
Store Capital Increases Their Dividend by 6.5% in 2022
Be sure and follow me on your favorite social media platform:
Tik Tok Hiking.In.Georgia
If you would like to receive an email whenever I publish a new article: