Microsoft Dividend Increase

Image Source: Unsplash

On 17 September, Microsoft (MSFTincreased its quarterly dividend by 10.67%, from 75¢ to 83¢ per share.

The dividend will be paid on 12 December to shareholders of record on 21 November. The ex-dividend date is 21 November.

MSFT's contribution to DivGro's projected annual dividend income will increase by $25.60 to $265.60.

I own 80 shares of MSFT at an average cost basis of $31.76 per share. Following this increase, my yield on cost is 10.45%. (MSFT's forward yield is 0.77% at $433.51 per share). 

Since I opened my MSFT position in August 2013, the stock has produced total returns of 1,331%, including $1,682.20 in dividend income. 

MSFT became DivGro's 7th Home Run stock in October 2016, when the stock doubled my original capital outlay. It is DivGro's first and only Ten Bagger.

5-Year History of Dividend Payouts by Ex-Date

2019 2020 2021 2022 2023 2024
$1.89 $2.09 $2.30 $2.54 $2.79 $3.08
10.39% 10.39% 10.05% 10.43% 9.84% 10.93%
5-year DGR: 10.16% 10.26%

projected, assuming no further changes


More By This Author:

Verizon Communications Dividend Increase
Amphenol Corporation Dividend Increase
JPMorgan Chase Dividend Increase

Disclaimer: I'm not an investment professional or a licensed financial advisor. This article represents my personal views and decisions, which may not be appropriate for other investors. ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with