Software giant Microsoft (NASDAQ:MSFT) announced another dividend increase on its shares by 25%. This marks the largest of its kind in the 8 years of dividend payments, and still may not be enough.
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“The payment would be increased by 3 cents a quarter, to 20 cents. At 2.97 per cent, the payment leaves Microsoft with one of the highest dividend yields among big tech groups, which have traditionally not relied on dividends as a way to reward shareholders. Investors have increasingly focused on the dividend as Microsoft’s shares have failed to break out of the range in which they have traded for more than a decade, despite steady growth in earnings,” reports FT.
Microsoft’s stock (NASDAQ:MSFT) is down 1.26% to $26.64 on the news. Shares are down 4.55% year to date. The stock has traded in a 52-week range between $23.65 and $29.46.
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