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.
Pretty stellar evidence of the dividend growth strategy at work. No additional investment and yet your income has 37% over the past two years as a result.
ReplyDeleteW2R,
DeleteMicrosoft has become a great dividend company. I only wish I had bought more shares when it was in the low 30s.
MDP
Wow... thats a huge increase. Unfortunately I don't own MSFT and hopefully that is something I can pick up in the near future.
ReplyDeleteCongrats on the raise.
DGJ,
DeleteYeah, it was one of my first purchases and I bought it after an earnings miss last year. I still remember the price dropping from 34 to 31 in one day. I wish I had more shares.
MDP
Congrats on the dividend increase. It's definitely a great company :) I don't own any shares yet though. I'm looking for a good time to jump in but the stock hasn't really had a significant pull back in awhile. I hear Microsoft is also planning to lay off some workers and switching up some board members. All positive changes for the bottom line presumably :)
ReplyDeleteLiquid,
DeleteLike I mentioned to DGJ, I got lucky and picked up shares after an earnings miss around $31. My only regret is that I didn't buy more shares. It's a sad truth that letting go of employees makes the market happy. I don't make the rules, but I certainly play by them.
MDP
Kinda wish that I own MSFT. Have been looking for a while to jump in MSFT. That's a nice dividend hike!
ReplyDeleteTawcan,
DeleteMost dividend investors don't flock to MSFT, but with a stable mature business and a pile of cash on hand, I think it's a dividend investors dream.
MDP
We don't own MSFT but always nice to hear about a raise above 10%. I know there are many out there cheering for this news...happy to see investors get rewarded!
ReplyDeleteCheers to dividend increases! AFFJ
AFFJ,
Delete10% after last year's 21% raise is good news to me. I also like CSCO in the tech space.
MDP