Microsoft Corporation (MSFT) To Go Ex-Dividend on August 20th

Microsoft Corporation (NASDAQ:MSFT) declared a quarterly dividend on Wednesday, June 10th. Investors of record on Thursday, August 20th will be given a dividend of 0.91 per share by the software giant on Thursday, September 10th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 20th.

Microsoft has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 23 years. Microsoft has a dividend payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Microsoft to earn $19.28 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 18.9%.

Microsoft Stock Performance

MSFT opened at $390.34 on Friday. Microsoft has a fifty-two week low of $356.28 and a fifty-two week high of $555.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.28. The company has a fifty day moving average of $410.65 and a 200 day moving average of $429.22. The stock has a market capitalization of $2.90 trillion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.43 and a beta of 1.11.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 29th. The software giant reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.06 by $0.21. The firm had revenue of $82.89 billion for the quarter, compared to the consensus estimate of $81.44 billion. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.46 EPS. As a group, sell-side analysts forecast that Microsoft will post 16.76 earnings per share for the current fiscal year.

About Microsoft

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).