Microsoft Co. (MSFT) To Go Ex-Dividend on May 15th

Microsoft Co. (NASDAQ:MSFTGet Free Report) declared a quarterly dividend on Tuesday, March 12th, RTT News reports. Stockholders of record on Thursday, May 16th will be paid a dividend of 0.75 per share by the software giant on Thursday, June 13th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, May 15th.

Microsoft has increased its dividend payment by an average of 10.1% annually over the last three years and has increased its dividend every year for the last 22 years. Microsoft has a payout ratio of 22.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Microsoft to earn $13.19 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 22.7%.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $414.74 on Monday. The firm has a market cap of $3.08 trillion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 2.19 and a beta of 0.89. The firm’s 50 day simple moving average is $413.85 and its 200-day simple moving average is $393.34. Microsoft has a one year low of $306.26 and a one year high of $430.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. Microsoft’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $2.45 earnings per share. As a group, equities analysts predict that Microsoft will post 11.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MSFT shares. Raymond James restated an “outperform” rating and issued a $480.00 target price (up from $450.00) on shares of Microsoft in a research note on Friday, April 26th. UBS Group reiterated a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. KeyCorp started coverage on shares of Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. Finally, DA Davidson reiterated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $452.61.

View Our Latest Stock Report on MSFT

Insider Transactions at Microsoft

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

(Get Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

See Also

Dividend History for Microsoft (NASDAQ:MSFT)

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