Tech giant Microsoft Corporation (MSFT) has recently announced a six-cent or a 10% sequential increase in its quarterly dividend to $0.68 per share. The increased dividend is payable to shareholders on December 8, 2022. This reflects upon the company’s ability of shareholder returns and strong cash position.
Its annual dividend of $2.72 yields 1.21% on prevailing prices. The company’s dividend payouts have increased at a 10.5% CAGR over the past three years and a 9.7% CAGR over the past five years. MSFT has a record of 17 years of consecutive dividend growth.
