Microsoft Co. Announces Quarterly Dividend of $0.75 (NASDAQ:MSFT)

Microsoft Co. (NASDAQ:MSFTGet Free Report) announced a quarterly dividend on Tuesday, March 12th, RTT News reports. Investors of record on Thursday, May 16th will be given a dividend of 0.75 per share by the software giant on Thursday, June 13th. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Wednesday, May 15th.

Microsoft has increased its dividend by an average of 10.1% per year over the last three years and has increased its dividend annually for the last 22 consecutive years. Microsoft has a dividend payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Microsoft to earn $13.19 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 22.7%.

Microsoft Trading Down 0.2 %

NASDAQ:MSFT opened at $413.72 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The firm has a 50-day simple moving average of $413.83 and a 200-day simple moving average of $394.32. Microsoft has a one year low of $307.59 and a one year high of $430.82. The firm has a market cap of $3.07 trillion, a P/E ratio of 35.82, a P/E/G ratio of 2.19 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.45 earnings per share. Equities analysts anticipate that Microsoft will post 11.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MSFT. KeyCorp started coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price on the stock. Evercore ISI increased their target price on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. Macquarie upped their price target on shares of Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective on the stock in a report on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $452.61.

Check Out Our Latest Stock Report on Microsoft

About Microsoft

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Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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Dividend History for Microsoft (NASDAQ:MSFT)

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