Yesterday Microsoft (MSFT) raised its quarterly dividend 10.71% from $.28 to $.31. The ex-dividend date is November 18th and the pay date is December 11th. Since I currently own 150 shares this raise will increase my yearly dividends by $18.00. Last September I received $34.00 from MSFT then it raised its dividend 21.74% and I received $42.00 during the last four quarters. Starting in December I will be receiving $46.50. I have not dripped or added to my position during this time. This is a perfect illustration of the power of dividend growth and I am glad to own shares of this fine company.
Microsoft has been a top performer within the DJIA trailing only Intel for the year. This is a bit reminiscent of 1999. Hopefully Microsoft will continue to deliver value for shareholders by continuing the yearly dividend increases.