Microsoft hikes dividend by 15 percent to 23 cents

Sep 18, 2012

(AP)—Microsoft Corp. says it is increasing its quarterly dividend by 15 percent.

The Redmond, Wash.-based software company said Tuesday that it will pay a dividend of 23 cents on Dec. 13 to shareholders of record as of Nov. 15.

That is up from its prior-quarter dividend of 20 cents.

Microsoft also said that long-time board member Raymond Gilmartin will retire. The 71-year old former CEO of & Co. has served on Microsoft's board for 11 years. Gilmartin said he is reducing his professional commitments to have more personal time.

Gilmartin will serve until the next annual meeting, usually held in November. The company's board will then have 10 members.

Shares of Microsoft fell 4 cents to close at $31.17.

Explore further: Amazon launches 3D printing store

1 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Microsoft raises dividend 25 pct to support stock

Sep 21, 2011

(AP) -- Microsoft Corp. is trying to lift its stock price by boosting its dividend 25 percent, the largest increase since the world's largest software maker started the quarterly payments seven years ago.

Microsoft raises dividend 23 percent to 16 cents

Sep 22, 2010

(AP) -- Microsoft Corp. said Tuesday it is raising its quarterly dividend for the first time in two years in a move that will return more of the software maker's nearly $37 billion cash hoard to its shareholders.

Qualcomm ups dividend, approves up to $4B buyback

Mar 06, 2012

(AP) -- Mobile phone chip-maker Qualcomm Inc. said Tuesday that its board approved the increase of its quarterly dividend by 16 percent to 25 cents and up to $4 billion in stock buybacks.

Recommended for you

Amazon launches 3D printing store

8 hours ago

Amazon announced Monday the launch of an online store for 3D printed items to allow consumers to customize and personalize items like earrings, pendants, dolls and other objects.

Samsung delays Tizen smartphone sales launch

13 hours ago

Samsung Electronics said Monday it would postpone the roll-out of its new smartphone based on Tizen, a home-grown operating system aimed at breaking away from Google's Android system.

Chinese portal Sohu reports $45 million loss

15 hours ago

(AP)—Sohu.com Inc., operator of a popular Chinese Internet portal, said Monday it lost $45 million in the latest quarter while revenue rose 18 percent to $400 million.

User comments : 0