Microsoft (MSFT) will raise its quarterly dividend by 23.1 percent to $0.16 per share in the fourth quarter of 2010. This marks the first dividend hike by the company since 2008.
The new dividend will be paid on December 9, 2010 to shareholders of record on November 18, 2010. Microsoft has now raised its annual dividend for eight consecutive years. The company initiated a quarterly dividend of $0.08 per share in 2003.
Microsoft Corporation is a technology company. The Company develops, licenses, and supports software products, services and devices. Its products include operating systems and a wide range of applications and devices (including tablets and gaming and entertainment consoles) that integrate with its cloud-based offerings.