Microsoft raises dividend by about 10%

Microsoft raises dividend by about 10%

Microsoft Corp.
MSFT,
+1.64%

introduced it’d perchance perchance really perchance properly elevate its dividend about 10% Tuesday, to 56 cents an element from 51 cents an element. Microsoft shares had been up about 0.5% in after-hours buying and promoting following the announcement. The inventory obtained an even bigger improve closing week, when Morgan Stanley analyst Keith Weiss predicted the tech large would elevate its dividend by 10% or extra within the arrival days to push its implied dividend yield again above 1%. Microsoft moreover disclosed that it’d perchance perchance really perchance properly protect a digital annual shareholders meeting on Dec. 2. Microsoft shares closed with a 1.6% get in Tuesday’s typical session at $208.78, giving it a market capitalization of $1.55 trillion. Shares get returned 33.4% to this point in 2020, whereas the S&P 500 index
SPX,
+0.52%

has returned 6.2%.

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