Microsoft Co. (NASDAQ:MSFT) announced a quarterly dividend on Monday, March 12th, RTT News reports. Stockholders of record on Thursday, May 17th will be paid a dividend of 0.42 per share by the software giant on Thursday, June 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Wednesday, May 16th.
Microsoft has raised its dividend payment by an average of 11.4% annually over the last three years and has raised its dividend every year for the last 14 years. Microsoft has a dividend payout ratio of 49.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Microsoft to earn $3.92 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 42.9%.
Shares of Microsoft (NASDAQ:MSFT) traded up $0.23 during trading hours on Monday, hitting $96.77. The stock had a trading volume of 26,042,429 shares, compared to its average volume of 35,980,000. Microsoft has a 52 week low of $64.12 and a 52 week high of $97.21. The firm has a market capitalization of $745,110.00, a price-to-earnings ratio of 29.68, a PEG ratio of 2.23 and a beta of 1.04. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89.
A number of analysts have recently weighed in on MSFT shares. UBS Group set a $105.00 target price on Microsoft and gave the company a “buy” rating in a research note on Friday, December 8th. Sanford C. Bernstein set a $100.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Thursday, December 7th. Piper Jaffray Companies reiterated a “buy” rating and issued a $100.00 price objective on shares of Microsoft in a research report on Monday, November 27th. Goldman Sachs Group set a $92.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Vetr upgraded Microsoft from a “hold” rating to a “buy” rating and set a $90.36 price objective for the company in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $99.28.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the sale, the executive vice president now owns 174,778 shares in the company, valued at approximately $16,254,354. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the completion of the sale, the chief marketing officer now owns 178,278 shares in the company, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock worth $930,900 in the last quarter. 1.49% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AlphaMark Advisors LLC raised its stake in shares of Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares in the last quarter. Simonbaker & Partners LLC raised its stake in shares of Microsoft by 0.4% during the 2nd quarter. Simonbaker & Partners LLC now owns 11,364 shares of the software giant’s stock worth $783,000 after purchasing an additional 40 shares in the last quarter. Arcus Capital Partners LLC raised its stake in shares of Microsoft by 1.4% during the 2nd quarter. Arcus Capital Partners LLC now owns 3,159 shares of the software giant’s stock worth $218,000 after purchasing an additional 45 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of Microsoft by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 19,112 shares of the software giant’s stock worth $1,317,000 after purchasing an additional 55 shares in the last quarter. Finally, Affinity Wealth Management raised its stake in shares of Microsoft by 1.3% during the 2nd quarter. Affinity Wealth Management now owns 4,902 shares of the software giant’s stock worth $338,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 73.88% of the company’s stock.
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Microsoft Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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