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Microsoft (NASDAQ:MSFT) declared a quarterly dividend on Tuesday, June 10th, American Banking and Market News reports. Shareholders of record on Thursday, August 21st will be given a dividend of 0.28 per share on Thursday, September 11th. This represents a $1.12 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Tuesday, August 19th.

Several analysts have recently commented on the stock. Analysts at FBR Capital Markets upgraded shares of Microsoft from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 5th. They now have a $49.00 price target on the stock, up previously from $43.00. On a related note, analysts at Citigroup Inc. downgraded shares of Microsoft from a “hold” rating to a “sell” rating in a research note on Friday, May 23rd. Finally, analysts at Benchmark Co. reiterated an “average” rating on shares of Microsoft in a research note on Wednesday, May 14th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. Microsoft currently has an average rating of “Hold” and an average target price of $38.70.

Shares of Microsoft (NASDAQ:MSFT) traded down 0.39% on Tuesday, hitting $41.11. 15,117,689 shares of the company’s stock traded hands. Microsoft has a 1-year low of $30.84 and a 1-year high of $41.66. The stock has a 50-day moving average of $40.1 and a 200-day moving average of $38.47. The company has a market cap of $339.6 billion and a P/E ratio of 15.46. Microsoft also was the recipient of a significant decline in short interest in May. As of May 30th, there was short interest totalling 77,254,371 shares, a decline of 2.8% from the May 15th total of 79,466,801 shares. Based on an average daily trading volume, of 24,274,737 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.0% of the company’s stock are sold short.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.05. The company had revenue of $20.40 billion for the quarter, compared to the consensus estimate of $20.38 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Analysts expect that Microsoft will post $2.70 EPS for the current fiscal year.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.

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